David Teel, President and CEO of the Texas Travel Industry Association (TTIA). TTIA represents an array of travel and tourism-related business in our state, including hotels, airlines, attractions, campgrounds, convention and visitor bureaus, advertising firms, restaurants, travel agencies and tour operators. Mr. Teel shared his thoughts on the current state of the travel and … [Read more...] about The Texas coast travel and tourism industry
taxes
International Homebuyers Bring $11 Billion to Texas Economy
The annual National Association of Realtors’ (NAR) survey measuring the level of sales of U.S. residential real estate to foreigners shows that international clients bought an estimated $92.2 billion in residential real estate. That’s approximately 7 percent of total U.S. existing home sales of $1.2 trillion. Of that, $46.7 billion is attributed to Type A clients and $45.5 … [Read more...] about International Homebuyers Bring $11 Billion to Texas Economy
SpaceX Will Launch Their Rockets From the Texas Coast
T-minus 10 seconds and counting, 10-9-8-7-6-5-4-3-2-1, South Padre Island we have liftoff! That may be coming from a SpaceX command center in South Texas soon, as the company reportedly prepares to dump Florida for the Lone Star State for its launches. SpaceX is close to announcing a new commercial launch complex in Brownsville. Last week the company cleared a Federal … [Read more...] about SpaceX Will Launch Their Rockets From the Texas Coast
Hunter bill to curb state insurance agency powers
By Gina Keating Texas Rep. Todd Hunter on Thursday said he will introduce legislation to sharply curb the powers of the Texas Department of Insurance to hike rates on coastal Texans and to force the agency to disclose potential collusion between its commissioners and the insurance industry. Hunter disclosed details of the bill at a lunchtime meeting with business leaders on … [Read more...] about Hunter bill to curb state insurance agency powers
Tax Tips To Consider When Buying A Vacation Property
Those lucky enough to score a prime vacation rental on the Texas coast often consider the possibility of ownership. If you’re thinking of buying a vacation property, here are tax tips to consider: The Internal Revenue Service considers a vacation home or a second home one that is permanently in place ) and offers sleeping, cooking and toilet facilities. This would include not … [Read more...] about Tax Tips To Consider When Buying A Vacation Property