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.
| State or Territory: | Texas |
| Effected Jurisdiction: | Texas |
Jurisdiction type: | State or Territory |
| Fiscal year ending In: | 2023 |
| Program name: | Research 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 taxes: | Sales 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: | $258,800,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $258,800,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://comptroller.texas.gov/transparency/reports/comprehensive-annual-... |
