Texas Tax Speak: Planning for Property Tax Break Sundown

Law360 (July 8, 2021, 3:30 pm EDT) – “To the well-organized mind, death is just the next great adventure.” – JK Rowling

For the past two decades, the Texas Tax Code Chapter 313 – also known as the Texas Economic Development Act – has been crucial in attracting capital investment to Texas by lowering the property tax burden on the state’s largest manufacturing facilities. Nearly 500 Chapter 313 agreements have been signed since the program began.

Chapter 313 is slated to expire on December 31, 2022, and the Texan legislature will not meet again for a regular session until January 2023. So the recently completed regular session was probably the …

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