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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

Effected JurisdictionPanhandle Independent School District
Jurisdiction type: School district
Fiscal year ending In2019
Program nameValue Limitation Agreement
Program purpose: General Economic Development
Statutory authority: Texas Economic Development Act (Tax Code 313)
Abating jurisdiction(s): Panhandle ISD
Applicable taxesProperty Tax
Method of abatement: Reduction of Taxable Property Value; Payment In Lieu of Taxes (PILOT)
Provisions for recapture: (not specified)
Gross revenue loss: $410,772
Reimbursement / offset: $0
Net revenue loss: $410,772
Type of loss: Active
Additional notes on dislosureDuring fiscal year ended August 31, 2019, the district received approximately $542,000 in payments in lieu of taxes for three agreements combined, but individual amounts are not disclosed. Agreement made with Pattern Panhandle Wind, LLC in 2013.