The latest economy news from The Texas Tribune.
House Bill 500, the Legislature's most sweeping attempt at reforming the franchise tax this session, was drastically rewritten Thursday morning by its Senate sponsor, state Sen. Glenn Hegar, R-Katy. Full Story
/https://static.texastribune.org/media/images/Hegar-Glenn.jpg)
Tax relief has become a key issue in the final weeks of the legislative session, and nearly all of the relief efforts are focused on the franchise tax paid by businesses. Use our interactive to track the status of those bills. Full Story
/https://static.texastribune.org/media/images/2013/05/13/FranchiseTaxDatApp.jpg)
President Obama will begin his swing through Austin on Thursday with a brief meeting with Gov. Rick Perry on the tarmac at Austin-Bergstrom International Airport. Full Story
/https://static.texastribune.org/media/images/2013/05/08/ObamaPerry.jpg)
On the latest Agenda Texas, from KUT News and the Tribune: President Obama's visit to Austin on Thursday as part of a new jobs tour has again put the state's economy in the spotlight. Full Story
/https://static.texastribune.org/media/files/2f620f4e360de853a9c9a1e7c22080f0/BD%20INC%20State%20of%20the%20State%20061%202013)
UPDATED: The House’s most sweeping attempt at tax reform this year passed on a preliminary vote on Tuesday after hours of at times acrimonious debate. House Bill 500 which would spend an estimated $667 million over the next biennium. Full Story
/https://static.texastribune.org/media/images/2013/05/06/HB500.jpg)
A House bill would cut the tax on mixed beverage sales for clubs that prove they’re using the savings to present live music. Advocates for some Texas cities and counties say the proposal would rob their coffers of much-needed tax revenue. Full Story
/https://static.texastribune.org/media/images/2013/05/01/TxTrib-MusicSceneFIght017.jpg)
Besides boosting the economies of remote towns, the shale boom has big implications for the Texas economy and budget. Already, taxes on oil and gas production have soared above the comptroller’s estimates. Full Story
/https://static.texastribune.org/media/images/TxTrib-Drilling-042.jpg)
With less than a month remaining in the legislative session, Gov. Rick Perry met with the Texas House GOP Caucus and talked to reporters about his support for a bill that would draw $2 billion from the Rainy Day Fund for water infrastructure needs. Full Story
/https://static.texastribune.org/media/videos/Perry-Screencap.jpg)
Efforts by state lawmakers to find money to repair South and West Texas roads torn up amid a drilling boom appear to be stalling, according to some officials working on the matter. Officials warn about the hazards of not maintaining these roads. Full Story
/https://static.texastribune.org/media/images/2013/04/25/Road-Damage.jpg)
As lawmakers debate how much money to leave in the state's Rainy Day Fund, Gov. Rick Perry is relying on a very specific figure: 7.5 percent. Full Story
/https://static.texastribune.org/media/images/2013/04/02/ExpandingBudget-MoneyBagInCapitol.jpg)
After spending most of the day locked away in negotiations, the Senate unanimously approved a measure pulling $5.7 billion from the Rainy Day Fund for water and road projects and public education. Full Story
/https://static.texastribune.org/media/files/deaf8a2c8effdb386edfbb2b873a1639/BD%20INC%20Williams%204878%202013%20)
All but 10 percent of a nearly $1 billion state fund intended to assist the poor with utility payments would be rebated to electric customers under a measure that preliminarily passed the Texas Senate on Monday. Full Story
/https://static.texastribune.org/media/files/b490036bb6809b3e08b5b14fb9bd0e1b/BD%20INC%20Williams%2001%202013%20)
The House on Monday sent five members to negotiate a budget with the Senate, with instructions to avoid anything that looks like it would expand the state's Medicaid program. Full Story
/https://static.texastribune.org/media/files/f9dc1ab54047ecc0225b5987d74298ab/BD%20INC%20SineDie%2001%202011)
The House Appropriations Committee unanimously approved an $874.9 million supplemental budget bill Thursday that includes $500 million more for schools and covers bills for last year's wildfires. Full Story
/https://static.texastribune.org/media/images/BudgetTexas.jpg)
Gov. Rick Perry unveiled a four-point, $1.6 billion business tax relief plan Monday that includes an across-the-board rate reduction of the business franchise tax. Full Story
/https://static.texastribune.org/media/files/e33c628ace951cfb4912cc4ab8dae039/BD%20INC%20Perry%20Tax%20Relief%20232%202013)
UPDATED: Gov. Rick Perry launched a weeklong ad campaign Monday to lure Illinois businesses to Texas. The effort follows recent high-profile efforts by Perry to poach businesses from California. Full Story
/https://static.texastribune.org/media/images/2013/04/15/TexasOne_ad.jpg)
Gov. Rick Perry called on dedicating future growth in the state’s motor vehicle sales taxes to be used to pay for road projects. Full Story
/https://static.texastribune.org/media/videos/ART_Perry_Lyceum.jpg)
With less than two months left in the legislative session, some lawmakers are lowering expectations on what can get done related to funding for roads. Full Story
/https://static.texastribune.org/media/images/2013/04/09/TrafficCost-TxDOT.jpg)
In 2011, state lawmakers fresh from a Tea Party election surge were hypersensitive to the opinions of and instructions from conservative activists. But as Thursday's House budget debate showed, this session isn't quite the same. Full Story
/https://static.texastribune.org/media/files/61715b79e260fb28d2582efb700acff3/BD%20INC%20SB1%20Amednment%20Otto%20556%202013)
Citing the need for more power to meet the demands of a burgeoning community, El Paso Electric plans to build a natural gas power plant. But a legislator has joined forces with a coalition of residents intent to fight the project. Full Story
/https://static.texastribune.org/media/images/2013/04/04/El_Paso_Proposed_Power_Plant_IPA_22.JPG)