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Winnsboro Texas News

Texas' biggest tax incentive set to double by 2022

Friday, February 17, 2017

The Texas Comptroller's biannual report on tax exemptions is pretty dry reading, describing all the loopholes and options that the state has to let individuals and corporations off the hook. But in this year's edition, there was a bit of a surprise. 

The state's most powerful tool for luring companies to locate capital-intensive projects in Texas is called a Chapter 313 agreement, which temporarily lowers the otherwise very high property tax burden businesses would have to pay. Usually, the bean counters in Austin only project the cost of already-signed agreements. For 2017, however, they forecast what the program will cost if new agreements are signed at the historical rate.

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Category: Business Assistance

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Winnsboro: A Preserve America Community!

Winnsboro, Texas has been designated as a Preserve America Community since 2005, a program which recognizes communities that:

  • protect and celebrate their heritage
  • use their historic assets for economic development and community revitalization
  • encourage people to experience and appreciate local historic resources through education and heritage tourism programs