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Texas Legislation Would Create Rural OZ Incentive

Friday, February 15, 2019 - 10:00AM

A bill in the Texas Legislature would create an added state incentive to the federal opportunity zones incentive, applied to rural areas. SB 826, The Texas Rural and Opportunity Zones Act, would create a 25 percent tax credit against the state insurance tax for credit-eligible capital contributions to a state-approved rural opportunity fund that in turn makes an investment that meets certain job-creation and job-retention standards in a targeted rural area.

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