Tax breaks for corporations are bad news for Texas
The Texas Legislature's proposed new tax breaks for corporations will not help average Texans.
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The Texas Legislature's proposed new tax breaks for corporations will not help average Texans.
The tax break, called the appraised value limitation, lets potential businesses build property and create jobs in exchange for a 10-year limit on the taxable property value for school district maintenance and operation.
The tax break, called the appraised value limitation, lets potential businesses build property and create jobs in exchange for a 10-year limit on the taxable property value for school district maintenance and operation.
The Austin district will consider a tax deal with NXP, but whether the state approves it or new board members agree could delay action.
Chapter 313 allows school districts to invite companies to build in the district and get taxed less. The program ends this year and companies are rushing to file.