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Applied Materials starts Chapter 313 incentives process as it eyes $2B R&D facility in Hutto

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Applied Materials starts Chapter 313 incentives process as it eyes $2B R&D facility in Hutto

The Hutto Independent School District board of trustees on March 31 unanimously voted to accept an application for Chapter 313 tax incentives for a possible Applied Materials research and development facility in the fast-growing suburb northwest of Austin. Chapter 313 is a controversial state incentives program used for new manufacturing and energy projects.