$68 million tax breaks may go to put Tesla plant to Austin
June 19, 2020
AUSTIN, Texas (AP) — An Austin-area school district is considering offering more than $60 million in tax incentives to attract a proposed Tesla "gigafactory" to Central Texas, Tesla revealed Thursday.
The Del Valle Independent School District proposal was made public in a Tesla tax application filed Thursday with the Texas comptroller's office. The proposal would offer Tesla $68 million in property tax breaks over 10 years to put its new plant on a 2,100-acre (85-hectare) site off Texas 130 just north of the Colorado River on the southeastern outskirts of Austin. Travis County commissione...