Like a designer outlet store holding a liquidation sale for all its merchandise, the Texas Comptroller’s office has had a constant crowd of corporate customers forming a line out the door, eager to get their high-end property tax deals rung up at the register before the sale ends and the store closes for good.
“It’s like hogs at the trough,” said Bishop John Ogletree, a leader with the Houston chapter of the Industrial Areas Foundation, a faith-based coalition that helped bring down Chapter 313. “Multi-billion-dollar oil, gas, and tech corporations asking for school districts and taxpayer dollars to bolster their profits. If these applications get approved, it will blow a hole in our state and school district budgets for a generation to come.
The governor likes to make a spectacle of companies that bring multi-billion-dollar plants, factories, and other industrial projects to Texas. While it’s far from clear whether Samsung will build all—or any—of these additional projects, executives are effectively seeking guarantees that they’ll be able to enjoy the benefits of Chapter 313 for decades after the program ends.
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