TEXAS WIND RIGHTS UNDER POLITICAL ATTACK

Will Texas Wind Farms Miss Out On Key Tax Incentive?

Joe Molina and Susan Bittick, October 22, 2013 (North American Windpower)

“…In 2001, the Texas Legislature passed House Bill 1200, which created Chapter 313 of the Texas Tax Code…to spur economic development by allowing local school districts to offer companies property tax abatements. Wind farms, which are typically asset intensive and subject to large property tax assessments, have been one of the biggest beneficiaries of Chapter 313. These types of incentive programs have been instrumental in making Texas the leading wind generator in the U.S...However, the act was modified during the Texas 2013 legislative session…[W]hat was once considered a ‘right’ for wind farms to help offset the high cost of green energy or to help achieve renewable portfolio standards has now been restructured…” click here for more

click to enlarge

Tweet