Texas House Speaker Dade Phelan said Thursday he's confident the legislature would find a way to revive a multibillion-dollar tax break for large companies. Other major state Republicans have been quiet on the issue.
Phelan’s interest in saving the program is not entirely new. Hethat the Legislature will prioritize “developing a program to replace Chapter 313, a crucial incentive program to attract businesses to Texas.”
“I understand that position, but I really do think for the sake of Texas, we need to continue in a program like this,” Clardy said. “We need to make sure those tax dollars are being wisely used, that there’s control and transparent — yes, we absolutely have to. But we need the tool of the 313 … whatever it takes. I think we’ve got to go back, put that in there.”, R-College Station, said it was especially important for rural communities like the ones he represents.
“Whatever we do in the future, I think it, A, needs to not be positioned against public education or any other vital services like this health care,” González said, “Second, I think it needs to have greater fairness, accountability and transparency.”, R-Graford, said he was against reviving the program in its current form. He was among those who voted to continue it last year.
While the program is set to expire at the end of this year, there has been a scramble by companies to get in applications before then. That means the program will continue to grow for at least the next decade — and grow significantly.
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