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News

Dec 17, 2019
Alcoa Corporation, a global leader in bauxite, alumina, and aluminum products, today announced that it will permanently close its Point Comfort alumina refinery in Texas.
Oct 18, 2019
VEDC President Dale Fowler will lead the state association of economic development professionals as Chairman of the Texas Economic Development Council's Board of Directors in 2020.
Jul 02, 2019
The company is one of fewer than 10 companies in the U.S. and Canada that have an American Society of Mechanical Engineers Reinforced Thermoset Plastic Corrosion-Resistant Equipment Certification and they recently shipped two newly fabricated 21½-foot fiberglass containers from the Port of Victoria, confirming the local manufacturer has not only returned but surpassed previous production milestones.

Taxes

  • The State of Texas and Victoria levies no corporate or individual income tax.
  • The Tax Foundation's 2013 State Business Tax Index lists Texas as having one of the top 10 best business tax climates in the nation.
  • The Texas tax structure for business includes franchise tax, sales & use tax, and property tax.

Additional information on taxation is available at the following websites: