Texas Incentive Tool for Economic Development Revitalized

June 7, 2023

On June 7, 2023, Texas Governor Greg Abbott signed legislation (HB 5) revitalizing Texas’s primary incentive tool for economic development. The new legislation replaces the expired Chapter 313 program, which provided property tax incentives for companies that agree to expand and create jobs in specific locations. The revised program will similarly offer property tax incentives to attract business […]

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