Over 20 years ago, the Texas Legislature passed the Texas Economic Development Act, which allows school districts to offer tax incentives for businesses that invest in their communities.[San Marcos, TX] [Hays County news] News, Features San Marcos News, San Marcos Record [Texas State]
After 20 years, the state’s most lucrative corporate welfare program comes to an end.
Oil and gas, manufacturing, and other industries have been clear that Chapter 313 must continue, but in an unexpected twist, the program ran into heavy resistance this legislative session. AP Photo/Eric Gay
After 20 years, the state’s most lucrative corporate welfare program comes to an end.
Oil and gas, manufacturing, and other industries have been clear that Chapter 313 must continue, but in an unexpected twist, the program ran into heavy resistance this legislative session. AP Photo/Eric Gay
Justin Miller
Jun 9, 2021, 6:00 am CST
In 2001, state lawmakers and business leaders warned that the state’s high property tax rates were discouraging corporations from locating big projects in Texas. At the time,
Expansion of controversial Chapter 313 tax break program dies in House
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OCI Solar Power is building the 110-megawatt, Alamo 6 solar farm in Iraan in West Texas to provide renewable power to the city of San Antonio. The project is slated to come online by the end of the year. OCI signed a long-term power contract with San Antonio s municipal utility, CPS EnergyOCI Solar Power
A bill that would have extended for another decade the state’s controversial Chapter 313 tax breaks for corporations was effectively killed in the Texas House this week.
Property tax breaks granted through the program will drain nearly $1.7 billion from the state’s coffers through 2022 to pay corporations that relocate to, or expand in, the state.
Smithville ISD’s two elementary schools earned “D” ratings from the Texas Education Agency for 2018-19 (the most recent year available). The junior high.