Pflugerville Officials to Testify Today in Support of Texas HB 3254 to Establish Renewable Energy Investment Zone
WHO: The City of Pflugerville and Pflugerville Community Development Corp. (PCDC)
WHAT: The City of Pflugerville’s House Bill 3254 to establish a renewable energy investment zone on a tract of land owned by the economic development corporation is going to committee hearing today. Rep. Mark Strama and Pflugerville officials will testify this afternoon in support of the bill.
WHEN: Testimony at 2 p.m. TODAY, Wednesday, April 20, 2011 WHERE: Energy Resources in the Capitol Extension Room E2.1010
WHY: “This bill would help Pflugerville and allow additional economic incentives to bring more environmental industry, businesses and employers to Pflugerville,” said Floyd Akers, interim PCDC director.
ABOUT HB 3254: The proposed bill is for a Renewable Energy Investment Zone for the PCDC’s tract of land located northeast of Travis County Metro Park in Pflugerville to set up an area where renewable energy companies may receive up to a 50 percent tax abatement from the City of Pflugerville for up to 15 years on all real and personal property.
The current bill pertains only to the City of Pflugerville’s involvement in a tax incentive, but Pflugerville ISD and Travis County can participate if desired.
With a population of more than 47,000, Pflugerville is a growing community with an available, highly educated and skilled workforce. Located near the state capitol and just minutes from the Austin-Bergstrom International Airport, the city is also home to the new Pflugerville Solar Farm, which is under construction and is expected to be the largest solar farm in the nation.
With available land, immediate highway access to IH 35, SH 45 and SH 130, a business-friendly government and the synergies of green industry, Pflugerville is an ideal home to renewable energy companies.
Pflugerville is also the only city in the Austin area with full Freeport exemption, recognized by the county, city and school district. Freeport exemption allows businesses to not pay property taxes on certain inventories.