The Texas House on Friday voted 127-6 to continue reducing school property taxes as an inducement for capital-intensive companies and wind farms to locate or expand in Texas.
The Texas Economic Development Act, which would expire next year without re-authorization, reduces the taxable value of qualified companies by as much as 90 percent for 10 years. House Bill 3390 would extend the program through 2024.
The story you’re reading is premium content from the Austin American-Statesman. Subscribers get total access to all our in-depth news, digital editions and exclusive premium content. You can also buy a 24-hour digital pass or 7-day digital pass.
Read MyStatesman.com now — 24-hour digital pass99¢ for 24-hours
Read MyStatesman.com all week — 7-day digital pass$3.99 for 7-days
Subscribe to the Statesman for as little as 33¢ per dayView Offers
For Subscribers: Register your account for digital access.Access Digital
For Subscribers: Sign in here if you have already registered your account.Sign In