Maintain Competitive Pro-Growth Jobs & Tax Wealth Policies

Texas industries pay among the highest property tax rates in the country. In fact, Texas industrial property taxes are the 2nd highest in the nation (Michigan is highest). It is critical that our state and local governments maintain a robust property tax abatement incentive program to attract major capital investment projects to our state. Recent legislative criticism of economic development incentives (such as Chapter 312 and 313) is misguided and threatens to curtail quality job growth and discourage high tax value plants from locating or expanding existing facilities in Texas.