A bill to revive Texas’ largest corporate tax break program that passed the House earlier this month has been greatly narrowed since arriving in the Senate.
Lone Star NGL facility in Mont Belvieu, where many facilities have received property tax breaks under the Chapter 313 program.
“I believe there is a role for a temporary school abatement program that incents new industries and grows the economic vitality of Texas,” he said, “but it needs to be right.”two years ago. Ending this practice, long criticized as a perverse incentive for school trustees to never turn down a deal – particularly since the state uses the taxes all Texans pay to ensure districts lose no revenue in granting the tax breaks – could upend months of delicate talks among stakeholders.
School and business leaders told the senators they were still digesting the new draft Thursday, but both camps expressed concerns.
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