Bill filed to bring back Chapter 313 tax abatements
Twelve-year South Texas lawmaker Rep. J.M. Lozano has filed a bill to reintroduce the state’s recently ended Chapter 313 school property tax abatement program.
Read MoreGov. Abbott gets behind plan to cut Texas sales taxes
Just days after two key state senators filed legislation to cut the sales tax rate from 6.25 percent to 5.75 percent, Gov. Greg Abbott said in an exclusive interview with Hearst Newspapers that he’s open to the idea and planning to put out his own proposals on the topic soon.
Read MoreState sales tax would be cut under bipartisan proposal by two North Texas senators
Texas would cut its sales tax haul by 8%, starting Oct. 1, under a new proposal to cut the sales tax rate by a half cent by a bipartisan duo of North Texas state senators. The plan by Dallas Democrat Royce West and Edgewood Republican Bob Hall signals a desire to broaden tax-cut discussions in…
Read MoreFort Worth signs to push for new incentives to recruit companies in Texas
Affected by Texas’ multi-billion dollar job losses to other states, nearly 180 top manufacturers, business leaders and economic development leaders across the state are issuing a unified appeal to the Texas Legislature to adopt new state incentives to “bring long-term jobs and income to Texas communities.
Read MoreIs Texas a tax haven? Not for businesses that pay higher taxes here than in other states
High property-tax rates can discourage large expansion projects, such as Texas Instruments’ chipmaking plant in Richardson. Many business leaders are pushing to replace a major tax-abatement program that expired at the end of 2022.
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