Legislative Update: May 10, 2021

TSED ALERT!

This afternoon the Texas House of Representatives took up HB 1556, which would extend Chapter 313 of the Tax Code for a 10-year period.  HB 1556 began as a bill that TSED vigorously opposed.  TSED worked together with representatives of industry and other school district interest groups to modify the bill to be a “win-win” for both school districts and industry, and specifically, improving benefits under Chapter 313 for small school districts.  HB 1556 died today on the floor after suffering a point of order and a number of efforts to add poison pills to the bill.

The House did vote in favor of HB 4242, which provides for a two-year extension of Chapter 313 in its current form.  HB 4242 will not proceed to the Senate.

We will continue to update you as events unfold.

If you have been receiving and benefiting from these newsletters and the work of TSED but have not become a member, please consider becoming a member.  We are hard at work in the legislature and those efforts cost money.  So far this session TSED has been instrumental in blocking legislation that would harm school districts as well as promoting legislation that would allow this powerful economic development tool bring value to our state as well as to our local school districts.  Please help us by joining TSED! 

To join TSED, please e-mail Kayler Williams at kwilliams@saraleonlaw.com

ENHANCING EDUCATION THROUGH ECONOMIC GROWTH!