Page 20 - Texas Tax Code News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Texas legislators must stay focused on renewing Chapter 313 Michael Looney In 2001, the Texas Legislature passed the Texas Economic Development Act – a tool intended to bring investment and economic growth to Lone Star State. Called Chapter 313 after the Texas Tax Code section it modifies, the act allows school districts to compete for large-scale capital investments in their areas by offering temporary property tax abatements to companies. With one of the highest property tax rates in the nation, Texas found a way to become more competitive with other low-tax states and now, local leaders...

Many of the amendments are designed to bring the charter in line with state laws. Author: Scott Eslinger (12NewsNow) Updated: 1:36 PM CDT April 27, 2021 BEAUMONT, Texas — Voters in the City of Beaumont won't only be voting on a new mayor and in five city council races in the May 1 election. The City of Beaumont has 16 propositions to make 16 amendments to the city's charter. You won't see the city campaigning for any of the amendments as state law doesn't allow any city resources to be used to campaign for or against such amendments. The amendments don't rep...

Calhoun County, as well as the other 253 counties in Texas, was declared a disaster area by Governor Greg Abbott on Feb. 12.

Samsung Foundry has filed documents with authorities in Arizona, New York, and Texas seeking to build a leading-edge semiconductor manufacturing facility in the USA. The potential fab near Austin, Texas, is expected to cost over $17 billion and to create 1,800 jobs. If everything goes as planned, it will go online by the fourth quarter of 2023. There is an intrigue about the new fab though: Samsung hasn't stated which process node it will be designed for. Could Samsung be the first to 3nm in the USA? Samsung Foundry to Expand in the USA As demand for semiconductors is increasing, Samsung Fou...

The proposed facility is estimated to have a local economic impact of $8.6 billion over its first 20 years of operation, creating an estimated 1,800 direct jobs and 1,173 indirect jobs over 10 years. The company projects that the initial average annual wage for employees at the facility would be $66,254.