$68 million tax breaks may go to put Tesla plant to Austin
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 the Del Valle Independent School District proposal in an application filed Thursday with the Texas comptroller’s office. The district would offer Tesla $68 million in property tax breaks over 10 years to build on a 2,100-acre site just off Texas 130 on Austin’s southeastern outskirts.
Travis County commissioners are considering a separate tax incentive package. Austin is competing with Tulsa, Oklahoma, to become the city to host the plant that builds Tesla’s electric pickup truck.
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