Texas HB5169 limits the amount and duration of tax rebates, grants, or loans for businesses relocating within the state.
Texas HB5169 amends the Tax Code to impose limits on agreements between municipalities and businesses relocating within the state. Specifically, the bill restricts the amount of tax rebates, grants, or loans to the weighted average of similar incentives provided by the municipalities from which the business is relocating. The duration of these agreements is also capped by the weighted average duration of similar agreements.
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