Texas House OKs bill to raise tax exemption for local businesses
House Bill 9, authored by Rep. Morgan Meyer, R-University Park, would expand the exemption for tangible personal property from $2,500 to $250,000 of the appraised value. Personal property includes equipment, furniture and vehicles.
Read MoreTexas Senate Finance Committee advances R&D tax credit extension, improvement
Praised for being one of the most “business-friendly” states in the nation, companies ranging from Fortune 500 powerhouses to smaller startups and ventures choose the Lone Star State for new factories, data centers, manufacturing facilities, satellite offices and headquarters.
Read MoreTexas legislators should support innovation
Texas legislators should support innovation Research and development (R&D) fuel innovation, and innovation powers the Texas economy. TTARA President Jennifer Rabb authored this op-ed with Dr. John W. Diamond, who directs the Center for Tax and Budget Policy at Rice University’s Baker Institute, laying out the economic benefits that R&D creates in Texas. The…
Read MoreTax credits supporting innovation are about to expire. Texas should extend them
Tax credits supporting innovation are about to expire. Texas should extend them
Innovation makes workers more productive and leads to new businesses that pay taxes and create jobs. But while the Lone Star State is renowned for its strong economy, investment in Texas research and development (R&D) remains distressingly low.
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