Texas Panhandle commissioners agreed to give a big tax break to Chermac Energy reports the Amarillo Globe-News. Randall County commissioners recently voted to allow the proposed wind farm to pay about half of what it would in property taxes over the next ten years.
Chermac Energy gets a 100 percent tax abatement in exchange for paying $3.4 million over the same ten year period.
A couple more steps have to be taken before the decision is final. The county has to send notification of the agreement to other taxing entities, and then a final vote will be held.