![The ExxonMobil refinery in Baytown. Officials in the Virgin Islands are currently looking into whether the oil giant misled its shareholders, but Texas Attorney General Ken Paxton has filed a court brief hoping to stop the investigation.](https://www.texasobserver.org/wp-content/uploads/2016/05/201605-exxonmobil-baytown-refinery-RoyLuckflickrcc.jpg)
Study: Texas Spent $4.4 Billion Luring Businesses That Were Coming to the State Anyway
About 85 percent of the projects that received tax breaks through the Chapter 313 program didn’t need the incentive, according to a new study.
Since 1954
49 matching results for "Chapter 313"
About 85 percent of the projects that received tax breaks through the Chapter 313 program didn’t need the incentive, according to a new study.
A new report by the Environmental Integrity Project compiled data on every U.S. plastics plant built, expanded or proposed since 2012, revealing massive growth in Texas.
Set to expire at the end of the year, Chapter 313 granted 10-year property tax breaks in exchange for large industrial projects.
Big business is feasting in the final days of Texas' signature corporate tax break, while lobbying for a new program to refill the trough.
With Chapter 313 set to expire, the Texas Comptroller has proposed new rules that critics warn would reduce accountability and transparency, shrouding its long-term costs in secrecy.
After 20 years, the state’s most lucrative corporate welfare program comes to an end.
With the end of session near, Texas lawmakers descend into the backrooms of the Capitol to hash out hugely consequential legislation.
The state’s Chapter 313 program offers steep discounts on property taxes to attract big industrial projects that are supposed to pay off over the long term. But by the time these projects return to the tax rolls, much of that value has disappeared.
Lawmakers passed an omnibus school finance and property tax reform bill this session, but didn’t include a way to pay for it past 2021. One place to look: corporate tax breaks.
While legislators focused on school finance and property taxes, a silent culprit continued to metastasize. If Chapter 313, a corporate welfare program, is left unaddressed, it could undermine any progress made this session, critics warn.