Politics
a y> Novembeisj
sday, November 8, 2001
THE BATTALION
Page 7A
ticlax credits announced
few breaks designed to stimulate economy
By Eric Ambroso
THE BATTALION
^ process |
n ordinance,
nore signifies-
t public prcjJ
local civic;B’ exas Comptroller Carole Rylander has
more inlo^Mntly announced a list of counties in which
iMnesses can apply for state tax breaks in
minute presea j|o:. These tax breaks will be used to stimulate
'0| is and v^Beconomy with research credits, job creation
■its and investment credits. According to offi-
iterested ini dais, all three of the tax credits will benefit large
it on the C land'mall businesses.
yww.ci.cofeBvhile the job creation and investment credits
/elopmentSi phased on a county’s unemployment rate and
Hall, 1101 ijcapita income, the research credit has been
nies. ®n to all counties in Texas. Brazos County
review inpiBoady qualified for a 5-percent research cred-
ds and com! If" the 2002 year. Firms conducting research
died DevelJ
to create new products and technology will
receive this tax credit from the state government
and can be used to cover expenditures.
“It takes a long time and a lot of expenditures
to invent and promote a new product,” said Ed
Warren, spokesman for the Revenue Service at
the Comptroller’s Office. “Research credits will
reduce the amount that businesses in Brazos
County will pay by 5 percent. The state will
cover the rest of the cost with revenue raised by
other taxes. By using this tax system, the state
plans to give incentives to the economy.”
Warren said the tax breaks will encourage
firms to make larger research expenditures. By
creating new processes and products, the tax
credits will stimulate economic growth, create
new jobs and help rejuvenate the economy.
m Ik Dallas mayor resigns, plans to run for U.S. senate
not
ALLAS (AP) — Dallas
Ivor Ron Kirk resigned
Wednesday to run for U.S.
Senate, ending a six-year
■ure in which he was wide-
TA ly credited with unifying a
I Vt.(.| JBctured City Council and
■hing through major civic
ire overiooL.Bprovement projects,
use on SarsKirk, a Democrat, will
the job being vacated
Republicanai cy Republican Phil Gramm,
[he feomt miring-
Democrali. 1“ ^ as overwhelmingly
^:ted the city s first black
party looks c
mayor in 1995 and won again
erest, Tiller byawije margin in 1999. He
simplistic inIfc 0 ffi ce when the city was
:hez is Hispas loiarized racially, but used his
lull Hispanic itnng hand to tame con-
i. When thedewtious council meetings.
. (hat Sanchez the mayor also has had
Republican »■ s k are °f disappointments
he middle dlj e . lead, ; r T lhe ™ tion ' s
ir,willrp 1 );7e# th ‘ )argeSt C,fy ' W,th * P ° P '
cs *tion of 1.2 million people.
the last six months, Boeing
. chose not to relocate its
adquarters to Dallas and
fe city was eliminated from
as ifhe isattaefeonsideration to host the
st is with
anditfaft."
II have to
in said.
2012 Olympic Games.
“We have done what we
said we were going to do.
We stopped the blame
game. We ended the bicker
ing here at City Hall,” Kirk
said during his farewell
speech to supporters.
“More importantly, perhaps
most importantly, we have
changed the culture and the
expectations of what you
believed could happen in this
building so that we could
change the reality of what hap
pens outside this building.”
Kirk’s next step is to begin
raising money for a March 12
primary. His expected chal
lengers are former Texas
Attorney General Dan
Morales, U.S. Rep. Ken
Bentsen of Houston, Austin
lawyer Ed Cunningham and
Victor Morales, a former U.S.
Senate candidate.
Should Kirk get past the
primary, he is likely to face
state Attorney General John
Cornyn, a Republican, in
November.
Observers say Kirk’s lack
of name recognition outside
the Dallas-Fort Worth area
means he will be forced to
spend a lot of money cam
paigning in the primary.
“His biggest challenge will
be to familiarize the rest of the
state of Texas with himself,” said
Dallas County Commissioner
John Wiley Price, a longtime
black activist.
Austin political analyst
Bill Miller said Kirk will
be an energetic and charis
matic contender.
“On the Democratic side,
he’s the best candidate in terms
of creating excitement and
drawing attention,” he said.
But in a general election,
Miller said, Cornyn will be an
“extremely formidable” foe.
Kirk passes the gavel to
Mayor Pro Tern Mary Poss,
who has said she will not run
in a special election in January
to fill his term. Poss will con
tinue to represent her district
while serving as acting mayor.
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