Texas 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 MoreTax credits supporting innovation are about to expire. Texas should extend them
Tax credits supporting innovation are about to expire. Texas should extend them
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.
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.
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