Clock is ticking on Texas’ Chapter 313 incentives — and major projects may lose out
A flood of applications for a sunsetting and controversial tax abatement program has Texas officials wading through requests for what are known as Chapter 313 incentives — and unlikely to review all of them before a looming deadline.
Read MoreState lawmakers discuss bringing back tax incentive program for school districts
The Texas House Ways and Means Committee met this week to talk about Chapter 313 of the Texas tax code. It allows school districts to offer property tax incentives to corporations while those companies look to invest in Texas.
Read MoreTexas lawmakers consider corporate property tax cut provision
During a Texas House Ways and Means committee meeting Thursday, state elected officials expressed concern that allowing the law to sunset would hamper economic development and the state’s competitive edge when it comes to attracting large corporations.
Read MoreTexas lawmakers consider reviving Chapter 313 corporate property tax breaks
A group of state lawmakers appeared receptive Thursday to reviving Texas’ biggest corporate tax break, known as Chapter 313, as proponents warned that its impending end will make it harder to attract new business.
Read MoreRevisiting school tax abatements in Texas is vital for a vibrant future. Here’s why you should care.
There’s a tension between celebrating the constant magnetism of Texas with its business-friendly pull and the desire to guard against and resist the inevitable change that comes with a surge in new residents.
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