Twelve days left until the end of the 84th Texas Legislature. Here’s what we have our eye on today:

There’s a lot of movement today on components of the state budget and tax cut plans. The budget conference committee is expected to start voting on components of the budget this afternoon, according to Senate Finance Chair Jane Nelson (R – TX Senate District 12). She also told a group of reporters today that the full budget could be passed out of conference committee as soon as tomorrow. That came after a Senate Finance Committee meeting this morning where they passed a modified version of the House business tax plan. The proposal approved out of committee includes a 25 percent franchise tax cut, and raises the threshold for businesses to use the E-Z calculation rate to $20 million. It also makes that 25 percent tax cut permanent, removing a provision that would have allowed lawmakers to lower that rate again in the future. The competing tax cut plans have been the biggest sticking point of the session, but it now seems details of the plan are taking shape with less than two weeks left in the session. And of course the the tax cut plan is a critical part of the budget, the only thing the Legislature is required to pass to avoid an automatic special session.

We’re also getting a better idea of how the tax cut plan will affect Texans, and it may not be as much as lawmakers promised. The $3.8 billion deal is expected to wrap up this week, but it is about $1 billion less than what House Republicans first proposed. This means the average homeowner would roughly save about an extra $120 on their property taxes, and those savings may be short-lived. Senate Finance Chair Jane Nelson acknowledged Wednesday that rising home appraisals could mitigate that tax relief.

Also tonight, we will take a closer look at the House’s omnibus border security funding bill as it starts to regain its momentum in the upper chamber. House Bill 11 was voted out of the Senate Subcommittee on Border Security this morning as lawmakers get closer to a possible deal.  It would increase the number of Texas Department of Public Safety officers on the border over the next two years. It would also establish an intelligence center in Hidalgo County to analyze border crime data, and create a volunteer corps of retired DPS officers to bolster the agency’s ranks.

Our guest tonight is highly-involved in both of these major pieces of legislation. Rep. Dennis Bonnen (R – TX House District 25) is the chair of the House Ways & Means Committee, which handles tax cuts. We’ll talk to him about that, plus he wrote the House border security bill, so we will talk about what that plan will mean for Texans as well. All that plus the Quorum Report’s Harvey Kronberg will join us with his observations. Tune in to “Capital Tonight”, at 7 and 11 p.m., only on Time Warner Cable News.