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.

FOR IMMEDIATE RELEASE April 1, 2025 Reducing Taxes on Personal Property A Sigh of Relief for Texas Businesses   AUSTIN — A research report released today by the Texas Taxpayers and Research Association (TTARA) shows that property tax exemptions for business personal property would make the Texas economy more competitive and create a fairer tax…

Texas for Innovation announced that a new economic impact study indicates extending the state’s research and development (R&D) tax credit would enhance economic output, jobs, and income without burdening state or local finances. The announcement was made in a press release on March 13, 2025.

State Sen. Paul Bettencourt, R-Houston, and Rep. Charlie Geren, R-Lake Worth, on March 11 filed companion legislation — Senate Bill 2206 and House Bill 4393.to extend the program.

Lawmakers are considering proposals they say could save the average homeowner hundreds of dollars in this year’s property taxes and give them more control over how much local governments can raise their tax rates.