Alternative energy companies racing to meet deadline for school districts before 313 sunsets

SOLAR PANELS could generate benefits for area schools as well as renewable energy to power homes and businesses. | VivoPower Photo
SOLAR PANELS could generate benefits for area schools as well as renewable energy to power homes and businesses. | VivoPower Photo

Across West Texas, alternative energy companies such as solar and wind farms are racing to meet the December 31, 2022 when Chapter 313 of the Texas Tax Code sunsets and goes away.

Chapter 313 of the Tax Code allows school districts to set the taxable value of certain qualified property at less than market value for maintenance and operations taxes for a period of 10 years. The purpose is to encoura…