April 9, 2025      3:52 PM

Senate Finance delves into giving research and development credits a boost in Texas

While “these are the jobs everyone is vying for,” in midst of trade war, advocates see an opportunity to attract businesses seeking to return from abroad. “If we don’t have a research and development incentive it’d be a black eye.”

Proponents of a bill renewing the state’s research and development’s tax credit argued the program’s impact is outsized and should be boosted in Senate Finance today.

Senate Bill 2206 by Local Government Chair Paul Bettencourt, and its companion House Bill 4393 by House Administration Chair Charlie Geren would renew the credits before they expire next year.

The current program offers a sales tax exemption on property directly tied to qualified research or a franchise tax credit for qualified research expenses for entities in the start-up stage.

By James Russell

Copyright April 09, 2025, Harvey Kronberg, www.quorumreport.com, All rights are reserved