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The Texas Tribune
The Texas Tribune
National
Karen Brooks Harper

New economic incentive plan clears hurdle in Texas House

Texas Todd Hunter Matt Schaefer Todd Staples John Smithee Renewable Energy Texas Tribune
A drilling rig in Pecos County on Feb. 4, 2023.
A drilling rig in Pecos County on Feb. 4, 2023. New legislation, dubbed the Texas Jobs and Security Act, won preliminary approval on Thursday and would provide tax incentives for companies that come to or expand operations in Texas. (Credit: Pu Ying Huang/The Texas Tribune)

The Texas House has passed a bill that would create new economic incentives to attract large companies to come to the state or expand current projects in Texas after lawmakers allowed a similar 20-year-old program to expire in December.

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