Tue. Sep 17th, 2024

The Houstonian Review

Reviewing Only The Best of Houston

How would Texas’ new Chapter 403 incentives work and what do business leaders think of them?

1 min read

Pending one more signature, companies seeking to make multimillion-dollar or multibillion-dollar investments in Texas will soon have a new way to access tax breaks. Chapter 403 is the new Chapter 313 — an incentives program breaks based on school property taxes, which can be used by companies to lower their tax bills for factories and other large facilities.

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