Relating to the creation of the Select Committee on Economic Development.
Impact
The bill aims to set a clearer framework for economic development in Texas, focusing on enhancing existing policies and exploring new incentives that could boost business growth. Through comprehensive studies and recommendations, the committee will assess factors like taxation, investment retention, and job creation linked to different economic activities. It is intended that findings will improve communication between state and local governments on economic matters, potentially leading to more strategic collaboration and resource allocation.
Summary
SB1310 establishes the Select Committee on Economic Development, tasked with developing a comprehensive economic development policy for Texas. The committee will be composed of 12 members, including a mix of public and legislative appointments, ensuring diverse representation from both business and governmental perspectives. The primary goal of this committee is to evaluate and make recommendations regarding state and local economic development incentives, examining their effectiveness and alignment with the state’s economic goals.
Sentiment
Overall, sentiment towards SB1310 appears supportive among legislators who see the potential for improved economic strategies in Texas. Supporters stress the importance of simplifying and consolidating economic incentives to enhance business environment, promoting growth across the state. However, there may be tensions surrounding the balance of power between state and local governments, with concerns that the bill could limit local authorities’ ability to tailor incentives to their specific economic needs.
Contention
A notable point of contention may arise from the committee's authority to evaluate and recommend modifications to existing incentives. This could lead to disputes over which incentives remain beneficial and which might need to be reevaluated or eliminated. Additionally, the proposed structure of the committee might raise concerns about its composition, particularly regarding adequate representation of smaller businesses and local entities in the decision-making process. The effectiveness of the committee's evaluations will be pivotal in shaping Texas's approach to economic development moving forward.
Relating to agreements authorizing a limitation on taxable value of certain property to provide for the creation of jobs and the generation of state and local tax revenue; authorizing fees; authorizing penalties.
Campaign finance: contributions and expenditures; provision related to officeholders raising funds when facing a recall; modify, and require candidate to establish a separate account used for recall purposes. Amends secs. 3, 11, 12, 21, 24 & 52 of 1976 PA 388 (MCL 169.203 et seq.) & adds sec. 21b.
Campaign finance: contributions and expenditures; funds donated to a candidate for recall efforts; require candidate to establish a separate account used for recall purposes. Amends secs. 3, 11, 12, 21, 24 & 52 of 1976 PA 388 (MCL 169.203 et seq.) & adds sec. 21b.
A concurrent resolution recognizing wild rice as sacred and central to the culture and health of Indigenous Peoples in Minnesota and critical to the health and identity of all Minnesota citizens and ecosystems and establishing a commitment to passing legislation to protect wild rice and the freshwater resources upon which it depends.