Texas Economic Development Act And The Industries That Benefit
In July, the electric carmaker Tesla inked a deal with Travis County to build a $1.1 billion factory called Giga Texas in the community of Del Valle near Austin. The factory, slated to build electric SUVs and car batteries as well as the company’s new “Cybertruck,” is expected to bring about 5,000 new jobs to the…
Read MoreArlington: Texas Legislators Offer Ideas About Projected Budget Shortfall
As a part of the North Texas Commission’s Legislative Summit, State Senator Kelly Hancock and State Representative Ramon Romero participated in an informative panel discussion. Dale Craymer of the Texas Taxpayers and Research Association moderated the engaging discussion, and closing the gap on the projected $4.6 billion revenue shortfall for this biennium was the primary…
Read MoreTexas tax incentive program has limits, supporters, critics
While the tax incentive program that helps bring business to Texas has been criticized as too generous, supporters say the tax benefits to the state are greater than the incentives provided.
Read MoreCommentary: Tesla deal generates tax dollars for Texas
Limited and temporary property tax discounts, known as Chapter 313 agreements, allow Texas communities to attract major industrial projects, keep Texas competitive and grow jobs — and they do not cost taxpayers a dime. Regular critics of these discounts frequently mischaracterize the program by claiming companies receive taxpayer dollars to locate in Texas, which is…
Read MoreWorried About Your Property Tax Bill? Now is the Time to Act!
Texas local governments are getting ready to adopt their budgets for the upcoming fiscal year. That means they’ll soon be setting the tax rates that will determine the size of your property tax bill.
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