STATE BRIEFS | June 2026

Abbott announces TSIF grant to USA Rare Earth, Texas A&MGov. Greg Abbott announced a pair of Texas Semiconductor Innovation Fund (TSIF) grant, totaling more than $27 million.May 12, Abbott announced that a TSIF grant of $14,177,600 has been extended to USA Rare Earth, Inc.

Texas adds 40,100 jobs in January as job growth outpaces nation

Texas added 40,100 nonfarm jobs in January to reach a total of 14,379,500 positions. Over the year, the state added 112,200 jobs for an annual nonfarm growth rate of 0.8%, outpacing the national growth rate by 0.6 percentage points.

STATE BRIEFS | March 2026

Paxton sues company for illegally disposing of turbine bladesAttorney General Ken Paxton sued Global Fiberglass Solutions Inc. and other affiliated entities for illegally dumping thousands of wind turbine blades and materials at two disposal sites in Sweetwater.

Governor announces company expansion, other projects

Last month, Gov. Greg Abbott announced company expansions, new construction and a grant to a state college.Feb. 26, Abbott announced MP Materials Corp.

TXOGA: Industry paid $27B in state and local taxes, state royalties

According to data released from the Texas Oil & Gas Association (TXOGA), the Texas oil and natural gas industry paid $27 billion in state and local taxes and state royalties in fiscal year (FY) 2025 — the second-highest total in Texas history.Jan.

Momentum continues for Texas labor force, job count

Texas added 19,700 nonfarm jobs in December 2025 to reach a total of 14,341,000 positions.Over the year, the state added 132,500 jobs for an annual nonfarm growth rate of 0.9%, outpacing the national growth rate by half a percentage point.

Updated state franchise Tax Depreciation Rules to align with federal provisions

Acting Texas Comptroller Kelly Hancock recently announced an immediate update to the agency’s interpretation of Texas franchise tax depreciation rules, allowing Texas businesses to take advantage of bonus depreciation authorized by the federal One Big Beautiful Bill Act of 2025.

Texas state sales tax revenue totals $4.5 billion in November

Acting Texas Comptroller Kelly Hancock recently reported state sales tax revenue totaled $4.5 billion in November, 5.4% more than in November 2024. The majority of November sales tax revenue is based on sales made in October and remitted to the agency in November.