With the recent flooding in our area, and in anticipation of the hurricane season, it is only natural to feel stress if your home (whether buying or selling) is under contract and a natural event occurs.
Texas has re-introduced an exciting new tax incentive, the Texas Job and Investment Tax Credit (JETI) under Section 403. This incentive program is intended to replace the popular Section 313 program that expired on December 31, 2022, and has been fine-tuned to reduce the amount of tax previously abated under its predecessor, limit eligible projects, and add oversight into the abatement process.
