Precursor of New Tax Incentives in Texas

What is happening? The Texas House Committee on Ways & Means will dig into “a comprehensive review of the impact of not renewing Chapter 313, Tax Code. Evaluate tax incentives offered by other states and make recommendations for incentivizing manufacturers and other capital-intensive businesses to locate to Texas.”

Why is this important? Look at the target audience- manufacturers and capital intensive businesses.

How will this be important? Texas wants to bring the origins of the supply chain to Texas.