At Urging of CTI, AISD Board Rejects Chapter 313 Tax Break for NXP

[Excerpts]

"The 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. 

The tax break called the appraised value limitation, or 313 agreement, 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. 

"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."

Austin ISD School Board Rejects Tax Break for Semiconductor CompanyFox 7 Austin

Austin ISD School Board Denies Tax Break for Semiconductor Company NXP with Narrow VoteKVUE ABC

Austin ISD Board Considers Chapter 313 Tax Break for Semiconductor Company NXPKVUE ABC

NXP Fails to Gain School District Tax Incentives for Possible Factory ExpansionAustin Business Journal

With Weeks to Spare, Austin ISD to Vote on NXP IncentivesAustin Business Journal

AISD Board to Vote on Contested Tax Breaks for Billion-Dollar Semiconductor CompanyKXAN

Central Texas Interfaith Commends AISD Board for Rejecting Chapter 313 Deal with NXP, Central Texas Interfaith [pdf]