APNewsBreak: Perry proposes returning excess taxes

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Associated Press

Posted on January 29, 2013 at 12:32 PM

AUSTIN, Texas (AP) — Gov. Rick Perry has called on lawmakers to amend the Texas Constitution to allow the state to return tax money it collects but doesn't spend to its citizens.

In his State of the State speech on Tuesday, Perry said there is currently no method for returning tax revenue to citizens. About 64 percent of state revenues come from sales tax, so it's not clear how money could be returned proportionately.

Perry also called for end to accounting tricks to balance the state budget.

The Republican has for weeks called on the Legislature to cut taxes and continue to hold down government spending — even though Texas' economy is booming. He'll also use the speech to give a specific dollar amount he'd like to see in tax reductions.

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