Annova LNG Seeks County Tax Breaks For Export Terminal Project
Posted on Apr 30, 2015 in Liquefaction, LNG Exports, State and Local Issues | Comments Off on Annova LNG Seeks County Tax Breaks For Export Terminal Project
The Brownsville Herald reports that Annova LNG (Annova) and the Cameron County Commissioners Court are in negotiations on whether to grant Annova’s request “for a 100-percent property tax abatement from the county as an economic development incentive” for Annova’s construction of a liquefaction and LNG export terminal on the Brownsville ship channel. According to the report, Annova claims that every dollar of the projected $2.9 billion it plans to spend on construction of the project “would support $1.32 of total economic output and 38 cents of income for Texas employees.”