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Pages tagged "corporate welfare"

Texas IAF Rally Takes On "Vampire" Chapter 313 Legislation

[Excerpt]

A surprising legislative success in 2021 is on track to be undone in 2023, unless a grass roots left-right coalition can block legislation and the forces behind it that are trying to go backward....

In the name of jobs and economic development, a 2012 tax code trick called Chapter 313 essentially funneled state money, via school district property tax breaks, to private companies doing new industrial construction. The school districts that granted tax breaks under Chapter 313 were reimbursed — and many still are being reimbursed — by the state, meaning we as taxpayers reimbursed them. It was the ultimate insider game of channeling public benefit to private companies.

In San Antonio, Mike Phillips is a COPS/Metro leader, a member of the Texas IAF. His organization and others rallied in Austin on March 21 to call attention to the inequities that school district tax breaks cause statewide.

“This is money that could instead be going to public schools. We are working this session with legislators from both parties and a range of allies to oppose taxpayer-funded corporate giveaway programs that involve school finance and school district decision-making,” Phillips said.

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Texas IAF Calls On State Comptroller to Abandon Plan to Gut Chapter 313 Subsidy Accountability Requirements

[Excerpt]

"Lawmakers have ordered Comptroller Glenn Hegar to wrap up Texas’s biggest corporate tax break program, but he wants to give companies one last gift: an end to public accountability.

Activists, corporate relocation specialists and lawmakers are scrambling to comment on Hegar’s proposal that companies no longer report key data about their progress toward meeting the terms of their property tax abatement agreements.

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Interfaith groups that fought the corporate giveaway that hurts Texas children demanded Hegar roll back his plan on Wednesday.

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“What is the benefit of less accountability and less transparency?” San Antonio state Senator José Menéndez asked at a Texas Industrial Areas Foundation press conference. “The taxpayer should know how their money is going to be used and what they are getting in exchange.”

[Photo Credit: Mark Mulligan, San Antonio Express News]

Texas Comptroller Proposes Covering Up Corporate Welfare ProgramThe Houston Chronicle [pdf]

Network of Texas IAF Organizations, along with Public Officials, Hold Press Conference to Call on Comptroller Hegar to Abandon Attempt to Gut Chapter 313 Transparency and Accountability, Texas IAF

Taylor: The Chapter 313 Monster — the Mother of All Corporate Welfare — Revives?San Antonio Express News [pdf]