Today, the Texas Public Policy Foundation praised the Legislature’s decision to end wasteful corporate property tax breaks under Chapter 313.
“For two decades, Texas taxpayers have borne the brunt of special-interest corporate welfare that raises our property taxes and allows government to pick winners and losers. These 20 years of hard data have proven Chapter 313 doesn’t live up to its lofty promises to create jobs or lure new businesses to our state,” said Kevin Roberts, TPPF’s Chief Executive Officer. “Sunsetting this program is a critical victory for each and every Texan — made possible by a tidal wave of bipartisan support for free-market principles and broad property tax relief Texans sorely need.”
The deadline for both House and Senate bills has elapsed, and no bill to extend Chapter 313 has passed. The program is now set to expire on December 31, 2022, just prior to the next legislative session.
“On behalf of all Texans, TPPF thanks the fearless legislative leaders, including Sen. Lois Kolkhorst and Rep. Tony Tinderholt, who bravely defended Texans’ tax dollars from crony corporatism,” Roberts continued. “These conservative champions, along with a broad coalition ranging from Every Texan on the left to the Texas Public Policy Foundation on the right, made this victory possible.”