New Texas Law Boosts Transparency For Local Tax Incentives

June 3, 2021, 9:59 PM

The Texas state comptroller will create a database of economic development agreements between local governments and businesses that may include tax incentives for online retailers under a bill signed by Gov. Greg Abbott (R) on Thursday.

The new law (H.B. 2404) will increase transparency with a central list of the agreements published on the comptroller’s website, according to author Rep. Morgan Meyer (R).Gathering the information is part of a larger debate about whether Texas should change the way it allocates local sales tax revenue that some cities leverage in the agreements.

Many cities and counties use ...

To read the full article log in. To learn more about a subscription click here.