Top Tweets for #Chapter313
SEVEN HOURS OF MY LIFE FOR RIN ITOSHI'S TWISTED KICK BTW #itoshirin #bluelock #chapter313 #bluelock313
#JETI (#Chapter313 replacement) was passed last session. But Big Money is back w #HB105 this session to change that deal and wipe out good wage/job creation provisions and give a special treatment to the biggest firms. Why give tax breaks to firms that would come to TX anyway?
Kent Sharp, President & CEO of Sherman Economic Development, joins panelists Matt Abel, John Villarreal & Robert Wood at the TEDC 2025 Winter Conference to discuss the future of JETI & Chapter 313/403. #TEDC #TexasEconDev #JETI #Chapter313 #EconomicDevelopment
The Tax Exemptions & Tax Incidence study is out. https://t.co/fJTNhqrTFN
The cost of Chapter 313/JETI school property tax breaks for 2025-30 is estimated to total $13.7 Billion!!!
Almost $4 Billion out of the 2026-27 budget alone.
#txlege #txed #Chapter313 #JETI #txbudget
#Chapter313 has expired, but the costs of its wasteful school property tax abatements live on: $1.6 bil out of the 2026-27 budget, a total of $20.2 bil by 2052 when its impact is finished. Zombies cause damage even tho they are dead. https://t.co/Yg38xJrIPX #txlege #txed #tax
Zombies kill! The defunct #Chapter313 school property tax abatement program lives on, draining $1.6 billion from school tax revenue in 2026-27. https://t.co/huO90fE2sv #txlege #tax #txed
#Chapter313 lives on! Total forgone school property tax revenue over the next 30 years = $20.2 billion!! Loss in the upcoming 2026-27 budget = $1.6 billion. Bad ideas have long lives. Updated numbers here: https://t.co/ONGgA8mp1u
#txlege #chap313 #txed #TaxTwitter #Tax
How property tax breaks for big businesses cost Texas schools $800 per pupil
The problem is national. But it's worst in Texas.
https://t.co/TGjSaQklrt #txlege #Chapter313 #HB5
@murraynewman @HoustonChron Oh & can't forget, the @HoustonChron did a whole investigative series on these #Chapter313 tax deals. Worth a read by every taxpaying Texan!
https://t.co/Ri6O56QPaC
@murraynewman @HoustonChron But wait, that doesn’t include the fact that Dr. Poole has also run his own consulting company, Jigsaw School Finance Solutions, helping other districts navigate the #Chapter313 process.
It’s vital to put into proper context the student body of BHISD compared to Houston ISD...
@murraynewman @HoustonChron BHISD has accrued dozens of #Chapter313 corporate welfare deals, where each contracted company foregoes paying a sizeable chunk of their property taxes for 10 years (that are supposed to fund school districts), & in exchange the state–that’s you and me!--plug that budget deficit.
Despite Setbacks, Activists Score Victories in Texas Fight Over Tax Breaks for Fossil Fuel Industry
Following watchdog’s advice, senators shrink tax giveaway program for oil and gas.
https://t.co/gLoJhLNIcF #txlege #Chapter313 #HB5 #JETI
NextDecade will move ahead with construction of a $18.4 billion liquefied natural gas facility in South Texas.
WITHOUT a #Chapter313 or #HB5 tax break! Point Isabel ISD refused the application. #txlege
https://t.co/ghXG7AIjM3
Micron made its choice of NY>TX when #Chapter313 school property tax abatements were still available => tax breaks are less important than education and infrastructure in corporate site location decisions. #txlege
Canary in the coal mine? The exact reasons (particularly education and infrastructure) that Micron CEO said they picked upper NY State for their $50B facility rather than Lockhart https://t.co/MEewNfrtel
The Bad Bill of the Session recognition goes to #HB5, a revival of #Chapter313 property tax abatements, which #txlege allowed to expire last session and is nothing more than corporate welfare at the expense of burdening individual property taxpayers. https://t.co/1xolbSS7y6
@RudyEngland @EveryTxn Clearly "a determining factor" under #Chapter313 had zero effect. But it's hard to understand why @txcomptroller thinks that #HB5's "in the absence of the agreement, the applicant would not make the proposed investment in this state" wouldn't raise the bar for approval #txlege
The Network of Texas IAF Organizations, a coalition opposed to #Chapter313, said #HB5 (88R) “still fundamentally represents misguided economic development” that “perpetuates a corporate welfare state," altho they touted several "major reforms." https://t.co/EUh5d35gkk #txlege
And the winner of the most useless Fiscal Note is:
#HB5 Conference Committee Report.
"The fiscal implications of the bill cannot be determined at this time." Although it's clearly in the $billions, just like #Chapter313.
https://t.co/9aLIuT5fQq #txlege
The #HB5 CCR is out. It's the Senate version, featuring
* no kickbacks for school districts
* 50% abatement
All things considered, not bad. An improvement on #Chapter313. Let's see how this affects corporate and school district decision-making.
See thread below
#txlege
The key structural changes made by #txlege Senate: elimination of kickbacks to school districts. Now they'll have to make a decision based on economic development considerations, not because they would get $100/student/year for 13-17 years #Chapter313 decisions were warped by $$$
More on #HB5 CCR. There's other nice things, like 15 day notice before a school board hearing. Too bad they forgot to require @txcomptroller to post the statewide total cost in forgone property tax revenue, like under #Chapter313. #txlege
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