3 Ways Chapter 313 Tax Benefits Helps Energy on Texas

Chapter 313 helps the energy industry by:

• It is the state’s single most important economic development program that allows Texas to compete for many new industrial and energy-related projects
• its transparent process that requires reporting and progress monitoring with the reports open to the public
• It is the catalyst for development of wind energy capacity in Texas

Chapter 313 projects by the numbers:

• 311: total number of 313 agreements signed through 2015
• $146 Billion: lifetime investment of 313 agreements
• $80 billion in investment has been brought to the state
• 50,000 jobs have been created
•  $2 billion in personal income has been added

The bills impacting Chapter 313 agreements:

•  Senate Bills 1026 & 1027, creating barriers to renewable generators being able to access the law’s incentives
• House Bill 445 and S.B. 277, which are directed specifically at wind facilities located near military facilities
• S.B. 600, which would eliminate the tax altogether

Daily Energy Insider | Chapter 313 in Texas puts energy fight in the school yard