A new law has taken immediate effect this week with Gov. Greg Abbott’s signature, abolishing a loophole in the law that the CBS News Texas I-Team first brought to light over a year ago.
“I’m happy. I’m ecstatic,” said Arlington Mayor Jim Ross of the new law.
For months, he’s been pleading with Texas lawmakers to put a stop to what’s known as “travelling HFCs”, a practice that’s allowed real estate developers to avoid hundreds of millions of dollars in taxes…