Texas 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 MoreTexas for Innovation announces study on R&D tax credit impact
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.
Read MoreBusiness leaders push Texas to extend expiring R&D tax credit program
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.
Read MoreBusiness and legislative leaders push to replace expired tax break with a new one
Business groups warned lawmakers that Texas could lose business to other states without something to replace the so-called Chapter 313 tax break, which gave some companies big breaks on school taxes.
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