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The Texas Tribune
The Texas Tribune
National
Madaleine Rubin

Texas launches new property tax incentive program to lure new businesses

Construction workers work on an office building on the corner or Metric and Parmer in Austin on June 18, 2020.
Construction workers work on an office building on the corner or Metric and Parmer in Austin on June 18, 2020. (Credit: Allie Goulding/The Texas Tribune)

Texas on Thursday launched a new economic incentives program intended to bring new companies and jobs to the state, replacing a prior job creation system that lawmakers phased out after complaints that it contributed to inequity in public schools.

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