Texas Economy in Focus

SB275 Economic Development Reports
January 2011

SB275, adopted by the 77th Legislature in 2001, requires the Comptroller of Public Accounts to collect and make available information related to economic development in Texas. The bill specifies the Comptroller report on state government expenditures supporting economic development, Texas Growth Fund investments, information on local economic development corporations, state tax exemptions and tax incidence, franchise tax credit claims, and impacts of tax exemptions. Shown below are the pieces of information presented to comply with the SB275 reporting requirement.

Economic Development and Business Development Expenditures

Fiscal Year 2009-2010 expenditures for budget strategies reported by state agencies and institutions of higher education as supporting the statewide goal of economic development or the statewide service category of business development.

Texas Growth Fund

Investments made by the Texas Growth Fund from the 1991 Trust, 1995 Trust and 1998 Trust.

Economic Development Corporations

Other Reports that Evaluate the Effectiveness of Tax Code Provisions: