Tax break ne­go­ti­a­tions

Austin American-Statesman - - WORLD & NATION -

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.

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