A left-right coalition in Texas managed to kill Chapter 313 tax breaks for companies in 2021. State lawmakers look to revive this undead idea in 2023.
Then-Gov. Rick Perry speaks at the January 2009 groundbreaking for Caterpillar's manufacturing plant in Seguin. Caterpillar, which built the more than 800,000-square-foot plant in 2010, was approved for millions of dollars in tax breaks under Texas' Chapter 313 program.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.
When it comes to economic development schemes, this type of “pay them to do what they were already going to do” is the rule rather than the exception. But then the next crazy thing happened. After businesses and insiders realized Chapter 313 would sunset at the end of 2022, a gold rush began. From mid-2021 to mid-2022, companies applied in droves for barely planned energy projects to lock in that sweet corporate welfare.estimated the costs of proposed Chapter 313 projects will balloon to $31 billion — even after the law was supposed to sunset — over the next three decades.
Calling the Chapter 313 program “crony capitalism,” the right-leaning Texas Public Policy Foundation recentlyThe foundation astutely pointed out that “many politicians want restored because taking our money and handing it over to others buys them power, favors and campaign donations.”
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