An effort to revive corporate tax incentives intended to recruit major manufacturing and infrastructure projects to Texas is moving forward.
“The bottom line is, I think Texas should have a school tax abatement incentive program, but it should be smaller and more narrow-tailored and have proper oversight and proper protections for the taxpayers,” Sen. Charles Schwertner, R-Georgetown, who sponsored the bill in the Senate, said in the chamber Wednesday.
Industry groups and economic development organizations from throughout the state as well as school districts in cities attracting large projects have supported the legislation. An amendment by Sen. Nathan Johnson, D-Dallas, was approved and would require the comptroller to determine that even after an applying company considers factors such as the state’s business climate and infrastructure, it would still not build the project in Texas without the abatement.
The Senate’s version of the bill increases the number of minimum jobs required based on city population. Projects in cities with more than 750,000 residents will be required to create 150 jobs.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Texas Senate again advances proposed restrictions on lessons about gender identity and sexThe Texas Senate has once again advanced legislation that would severely limit classroom lessons, teacher guidance, and school programming about sexual orientation and gender identity through 12th grade in Texas schools. (TexasTribune)
Read more »
School choice revived in Texas Senate Committee hearingA hearing was held on Monday, May 22 as the latest effort to avoid a Special Session and push through what’s known as Education Savings Accounts.
Read more »
Texas Senate committee updates school funding billSenate Republicans are coupling the voucher-like program with a House bill related to teacher pay.
Read more »
Texas Senate advances strict ‘Don’t Say Gay’ billDuring a late-night vote Monday, the Texas Senate advanced a controversial piece of legislation that would limit classroom lessons, teacher guidance and school programming in Texas public and charter schools.
Read more »
Mandatory 10-year sentences for some crimes involving guns revived by Texas SenateA bill mandating 10 year minimum sentences for people who used guns while committing certain felonies appeared to die in the Texas House over the weekend. But senators kept it alive by adding the proposal on to another piece of legislation.
Read more »
Texas Senate passes new economic incentive program to lure businesses to the stateTexas lawmakers are close to creating a new economic incentive program to lure large companies to the state. But the Senate cut in half the amount of tax abatement proposed by the House while offering extra incentives for economically disadvantaged areas.
Read more »