Tax break negotiations
Pflugerville: Has agreed not to annex the land where the solar plant is being planned, thus exempting the plant from state property taxes, until Jan. 1, 2040. Current property taxes amount to 60.4 cents per $100 of assessed property value. RRE Austin Solar has agreed to pay the city a fee of a nickel per $100 beginning in 2020, an amount city officials calculate will be worth $125,000 a year between 2020 and 2040.
Mayor Jeff Coleman said the rural land would not have been annexed for decades in any case.
Elgin school district: Is likely to agree to a tax credit and an eight-year limitation on the appraised value of the property for the maintenance and operations portion of the school district property tax rate.
In exchange, the property owner would agree to create a specific number of jobs and build or install specified types of real and personal property worth a certain amount.
Travis County: RRE Austin Solar also is looking for tax breaks from Travis County before committing to building the plant.