Section 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.34 Tex. Admin. Code § 9.5003
Adopted by Texas Register, Volume 49, Number 02, January 12, 2024, TexReg 134, eff. 1/16/2024