The Texas Legislature heeded the call of business leaders to permanently extend and expand the state’s research-and-development tax credit, which is estimated to lead to the creation of 113,000 jobs and generate nearly $139 billion for the state’s gross domestic product over the next decade.

Speaker of the Texas House Dustin Burrows, a Lubbock Republican, offered his assessment Thursday at a luncheon presented by the Texas Taxpayers and Research Association and the Permian Basin Petroleum Association.