34 Tex. Admin. Code § 9.5003 - Economic Benefit Statement Criteria
(a) The economic
benefit statement must include the information described in Government Code,
§
403.608(b),
including the sources relied upon.
(b) The comptroller may require an applicant
to supplement or modify the economic benefit statement to provide further
clarity or if there are changes to project-related information.
(c) Information provided as an estimate of
the associated economic benefits that may be reasonably attributed to the
project may be generated from standard economic estimation techniques and
multipliers. This information shall be used to obtain a generalized estimation
of the economic benefits to be associated with the proposed project. Any
economic estimation modeling software used and all modifiers that were
incorporated in the calculations must be disclosed.
(d) The economic benefit statement must
include the project's associated economic benefits that, at minimum, consist of
the following:
(1) the impact on the gross
revenues and employment levels of local businesses that provide goods or
services in connection with the project or to an applicant's
employees;
(2) the amount of state
and local taxes that will be generated as a result of the indirect economic
impact of the project;
(3) the
development of complementary businesses or industries that locate in this state
as a direct consequence of the project;
(4) the total impact of the project on the
gross domestic product of this state;
(5) the total impact of the project on
personal income in this state; and
(6) the total impact of the project on state
and local taxes.
(e) The
comptroller may reject an economic benefit statement that is determined to be
unreasonable or relies on unrealistic assumptions of economic
conditions.
(f) If the economic
benefit statement is rejected, then the comptroller may recommend not to
approve the application.
Notes
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