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Valero will not appeal tax break decision


Valero Energy Corp. has decided not to appeal the Texas Commission on Environmental Quality’s rejection of its request for a controversial property tax exemption.


Valero spokesman Bill Day said the company no longer would seek the exemption because it had reached agreements with appraisal districts for lower valuations on their refineries in all but one county where the company operates. Negotiations are ongoing with Moore County, Day said.

See here, here, and here for the background. One less thing to have to worry about this year, but the Lege still needs to address this going forward.

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