House Higher Education Committee Chairman Jim Murphy filed HB1556 to reform and reauthorize Chapter 313, the part of the tax code that allows school districts to participate in Economic Development incentives for large capital investments in Texas. It has been clearly demonstrated by data that without school district property tax incentives, Texas … [Read more...]
Chapter 313
Bill to Reauthorize School District Participation in Economic Development Incentives Filed
Chapter 312 and Chapter 313 “Seal the Deal” for Tesla’s Austin “Gigafactory”
Business Facilities Magazine (BF) released their rankings of states on economic development indicators. Texas was named the state with the best business climate for the fourth time. In their announcement, the staff of Business Facilities Magazine wrote about Austin’s selection over Tulsa, OK for the new Tesla truck factory. The factory is expected … [Read more...]
COVID-19 Has the State Legislature On Hold
The Chamber is committed to providing our members with resources and information during this unprecedented time. While we continue to help our members navigate their "new normal," we are continuing our public policy efforts. This week, the Chamber reached out to state officials for updates. During the interim, legislation is typically drafted, … [Read more...]
School Property Tax Reductions Critical to Texas Economic Development
The Chamber has been working to fight for the renewal of Chapter 313, which is the part of the Texas Tax Code that allows school districts to limit property taxes on major new investments in Texas. Chapter 313 is set to expire in 2022, and it must be reauthorized in this session or the valuable economic development tool it provides will go … [Read more...]