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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

Effected JurisdictionTexas
Jurisdiction type: State
Fiscal year ending In2022
Program nameResearch and Development Tax Credit Program (Exemptions)
Program purpose: Research and development
Statutory authority: Texas Tax Code Section 151.3182
Abating jurisdiction(s): State of Texas
Applicable taxesSales and Use Tax
Method of abatement: Tax Exemption
Provisions for recapture: Whenever the Comptroller or the registrant cancels or otherwise terminates the registration number, the registrant will be required to pay the tax, penalty, and interest due from the date of purchase on all ineligible tax-free purchases.
Gross revenue loss: $245,300,000
Reimbursement / offset: $0
Net revenue loss: $245,300,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://comptroller.texas.gov/transparency/reports/comprehensive-annual-...