WORK OPPORTUNITY TAX CREDIT
WOTC is a federal income tax benefit administered by the U.S. Department of Labor (DOL) for employers who hire individuals from specified target populations. WOTC reduces a business’s federal tax liability, serving as an incentive to select job candidates who may be disadvantaged in their efforts to find employment.

TEXAS RESEARCH & DEVELOPMENT TAX CREDIT
Provides companies a choice between a franchise tax credit and a sales tax exemption for materials, software, and equipment used for R&D purposes.

TEXAS ENTERPRISE ZONE PROGRAM
A state sales and use tax refund program designed to encourage private investment and job creation in economically distressed areas of the state.

TEXAS ENTERPRISE FUND
Awards “deal-closing” grants to companies considering a new project for which one Texas site is competing with other out-of-state sites. The fund serves as a financial incentive for those companies whose projects would contribute significant capital investment and new employment opportunities to the state’s economy.

TEXAS ECONOMIC DEVELOPMENT ACT / CHAPTER 313
Created to encourage large-scale manufacturing, research and development, renewable energy, nuclear and integrated gasification combined cycle electric generation facilities and other large capital investment projects in the State of Texas.

STATE SALES & USE TAX EXEMPTIONS
Texas businesses are exempt from paying state sales and sales tax on the following expenses: Manufacturing machinery & equipment, natural gas & electricity and data center exemption.

SKILLS DEVELOPMENT FUND
Designed to better utilize the public community and technical college system in Texas as well as other training organizations and have them partner with businesses throughout the state (with priority on small businesses) to train workers to meet the labor needs of employers and the regional labor market.

FRANCHISE TAX EXEMPTIONS & DEDUCTION FOR BUSINESS RELOCATION
Provides authorization for a company to deduct moving expenses from their apportioned margin while calculating their franchise liability.

ECONOMIC DEVELOPMENT & DIVERSIFICATION IN-STATE TUITION FOR EMPLOYEES
A program that allows employees—and those employees’ family members—of a qualified business considering a relocation or expansion of its operations in the State of Texas to pay in-state tuition rates at public institutions of higher education in the state without first establishing residency.