TAB Supports SB 2206/HB 4393: Boosting Texas Innovation
The bill's R&D tax credits would create 114,000 new jobs and $13.8B in economic activity.
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The Texas Association of Business (TAB) supports SB 2206/HB 4393, boosting R&D tax credits to drive Texas-based innovation. TAB President & CEO Glenn Hamer testified in support in the Senate Finance Committee on April 9, 2025, before a 10-0 committee vote.
Bill Author:
Sen. Paul Bettencourt (R-Houston) and Rep. Charlie Geren (R-Fort Worth), both proven economic leaders. TAB thanks Senate Finance Chair Joan Huffman and the committee for their leadership.
Key Background:
Texas is 33rd in per capita R&D spending, trailing states like California, per John W. Diamond, Director of the Center for Tax and Budget Policy at Rice University’s Baker Institute.
What it does:
Boosts credits for university research partnerships.
Adds credits for small businesses & startups
Sets the stage for 114,000 new jobs & $13.8B in growth.
Why it matters:
Hamer calls it “critically important” to make Texas the top state for innovation, start-ups, and venture capital.