Samsung is considering increasing its investment in fabrication plants in Austin by billions of dollars, but only if the Texas legislature extends the Chapter 313 school district property tax incentive. “I can’t emphasize enough how critical 313 is to us,” Catherine Morse said. “To get that (future) investment, we have to have 313 reauthorized.”

This is the same tax incentive that has driven billions of dollars of increases in Texas’ property tax base by encouraging development and construction of renewable energy wind and solar projects in Texas.