Texas House Bill HB3086

Texas 2017 - 85th Regular

Caption

Relating to the Texas Economic Development Act.

Impact

The amendments proposed in HB3086 are expected to significantly influence how economic development incentives are allocated. By defining stringent criteria for job creation that includes not only wage considerations but also stipulations regarding health benefits and job transfer laws, the bill seeks to ensure that public funds are directed towards sustainable job growth. The Texas Workforce Commission is granted authority to implement rules regarding these provisions, which could lead to a more centralized approach to economic development across the state.

Summary

House Bill 3086 is designed to amend the Texas Economic Development Act, focusing on the criteria for tax appraisals and job creation within school districts. The bill introduces a more defined structure for what constitutes a 'qualifying job,' stipulating that such positions must pay above the state median annual wage or the county average wage while ensuring health benefits are provided. By enhancing the criteria surrounding job creation and appraised property value, the bill aims to promote economic development through a clearer framework for businesses seeking tax incentives.

Contention

Notable points of contention surrounding HB3086 include concerns about the potential for conflicts of interest, as new provisions require school district officials to disclose any personal or financial relationships that could impact decision-making regarding tax incentives. This focus on transparency highlights the state's acknowledgment of the complexities involved in administering economic development programs. Critics may argue that the bill imposes stringent requirements that could deter businesses from applying for tax incentives, potentially counteracting its intended pro-economic growth effects.