Thanks to a flurry of legislative activity that took place in April, Tax Day could be less burdensome in the future for residents of a number of states.

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.

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…

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.