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Texas lawmakers likely to extend costly, controversial tax break
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The 110-megawatt, Alamo 6 solar farm in Iraan in West Texas was completed in 2015 to provide renewable power to the city of San Antonio. The solar farm’s developers received a 313 tax limitation, which reduced the tax bill on the project by roughly $2 million annually./OCI Solar Power
A controversial Texas tax law criticized as a giveaway to large companies is set to expire after 2022, but state lawmakers appear poised to renew the program this legislative session.
Under Chapter 313, Texas taxpayers will pay the bill for tax breaks worth nearly $1.7 billion in 2021 and 2022 combined to corporations that relocate to, or expand in, the state companies that, critics say, likely would have done so without the subsidy. ....

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