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Austin ISD school board rejects tax break for semiconductor company

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The tax break, called the appraised value limitation, lets potential businesses build property and create jobs in exchange for a 10-year limit on the taxable property value for school district maintenance and operation.

The group is calling on Austin ISD to vote against a $140 million tax break for NXP, a semiconductor company. It was on the agenda for the school board on ThursdayThe Austin ISD school board has voted against a multi-million dollar tax break for NXP, a semiconductor company.

"It is not fair that those who have the greatest ability to pay are the ones who don't want to pay a dime," Rev. Minerva Camarena Skeith of Central Texas Interfaith said. "We want more dollars for AISD and for every school district in this state. We want every child to have every opportunity they need," Rev. Miles Brandon with Central Texas Interfaith said. The appraised value limitation program won't continue because it didn't pass last legislative session, but applications can still be approved this month.Some in public comment voiced their support for the proposal.

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Austin ISD school board to vote on tax break for semiconductor companyThe tax break, called the appraised value limitation, lets potential businesses build property and create jobs in exchange for a 10-year limit on the taxable property value for school district maintenance and operation.
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