Tax Law and Business Organization Strategy

Texas Schools Using Wind Tax Abatements to Avoid "Robin Hood" Tax

Danny Robbins reports that many school districts have granted tax abatements for wind projects and the results are more income to the school districts. See, Texas Schools Get Millions from Wind Farm Deals. But those payments are in lieu of taxes instead of in the form of taxes. Therefore, the school districts do not include those receipts in the formula for determining the amount of tax revenues that they must return to the State of Texas to fund the statewide equalizing payments for education expenses. This has created a controversy explained in more detail in Robbins' article.

Trackbacks (0) Links to blogs that reference this article Trackback URL
http://taxlaw.sprouselaw.com/admin/trackback/123412
Comments (0) Read through and enter the discussion with the form at the end
Sprouse Shrader Smith PC
701 S. Taylor, Suite 500, Amarillo TX 79101

Phone: 806.468.3300