Texas needs to stop paying corporate subsidies | Opinion
2:00 AM on Sep 20, 2022 CDTLet us rephrase it. A section of the Texas tax code that is used by local governments as lucre to attract corporate relocations but that often ends up pitting city against city and school district against school district is set to expire.
The idea here is sound: Give school districts a tool for growing their tax base. But it isn’t working. With no cap on them, tax abatements have become an arms race. Proponents of resurrecting 313 say Texas should do everything it can to attract jobs and corporations. In testimony before the House Ways and Means Committee last week, one lobbyist prophesied that the effects of losing 313 would be “devastating.” But in many cases, the choice is not between attracting a company to Texas or failing to do so. The choice is between attracting a company to Taylor or Round Rock; Sherman or Plano.
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