At the local level, we partnered with city staff on a rewrite of the current economic incentive policies. The policy was expanded to add a job-based component that will be a help to local and small businesses while continuing to have tools to attract new employers and expansion of existing job creators in the area. The item passed with a unanimous vote.
At the state level, we advocated in favor of HB 3143, which extends Tax Code Chapter 312 to 2029. Chapter 312 allows local governments to offer tax abatements on new investment projects. This was signed into law by Gov. Greg Abbott after the 86th Legislative Session.