Days before the expiration of a state program that provides billions of dollars in property tax breaks to businesses moving to Texas, two companies have gone to court arguing they’re being frozen out from the last-minute savings due to an overwhelmed state agency.
The two renewable energy companies say the Texas comptroller’s office, which reviews the applications to the corporate relocation or expansion incentive program, has denied their requests for more than $20 million in tax savings because the agency can’t handle the number of entities seeking approval for tax incentives before the Dec. 31 deadline.