Texas Full Strategic Investment Areas for 2001 By Kay Bell • Bankrate.com
In 2001, Texas will offer several tax breaks
for businesses: a job creation tax credit, an investment tax credit
and a research credit bonus. Eligibility for the tax benefits depends
on a business' type and in which kind of newly-designated Strategic
Investment Area (SIA) it is located.
Firms based in full SIA counties may apply for
the complete slate of tax breaks: job creation and investment credits,
plus the research credit bonus.
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114 counties have been named as full-purpose
SIAs. These areas were selected because of their relative unemployment
rate and per-capita income. Firms that are engaged in manufacturing,
warehousing, wholesale distribution, computer services or research
in these counties can apply for the three tax breaks in 2001.
