Corporate subsidy for oil and gas quietly dies in Texas

Tax Certificate Upload - Peerless Electronics Inc.

 

Some are calling it a major blow for big oil and gas in Texas—the quiet death of corporate property tax exemption.

The program, known as Chapter 313 was allowed to die after delivering $10 billion in tax cuts over the past 20 years reported The Intercept.

 

Click here for The Intercept story.