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Senate finance hears oyster-industry incentives: credits for Texas farmed oysters and shell recycling
Summary
Two companion oyster-industry bills — one to encourage restaurants to buy Texas-farmed oysters and one to reward restaurants for participating in oyster-shell recycling — were adopted as committee substitutes and reported favorably by the Senate Finance Committee.
Two related bills aimed at supporting oyster mariculture and reef restoration were presented to the Senate Finance Committee: House Bill 3486 would incentivize restaurants to purchase Texas farm-raised oysters via a tax deduction; House Bill 3487 would provide a deduction tied to participation in qualified oyster-shell recycling programs.
Sponsor remarks described HB 3486 as creating a sales-and-use tax incentive by allowing eligible restaurants to deduct a specified amount from taxable sales for each unit of Texas farm-raised oysters purchased. The sponsor said…
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