Texans for Innovation issued the following statement after the Texas Legislature overwhelmingly passed Senate Bill 2206, extending the research and development tax incentive in Texas:

“The Texas Legislature sent a strong signal that the Lone Star State is serious about leading the world in advanced technology and innovation with the overwhelming passage of Senate Bill 2206, which extends and improves the state’s research and development (R&D) tax credit and reaffirms Texas as a top destination for innovation investment. Many thanks to Senator Paul Bettencourt and Representative Charlie Geren whose leadership will help the Texas innovation economy continue the important work of changing, saving and improving lives across the globe.”

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 Texans for Innovation is a broad coalition of organizations that came together in support of R&D in Texas. Founding members of the coalition include the Texas Association of Manufacturers, Texas Taxpayers and Research Association, Texas Association of Business, Texas Healthcare and Bioscience Institute, Texas Chemistry Council, Texas Oil & Gas Association, Texas Economic Development Council, Dallas Regional Chamber, Greater Houston Partnership, North Texas Commission, Opportunity Austin, and Lockheed Martin.