Texas Comptroller Offers $61 Million Tax Cut for Fuel Plant (1)

The Texas Comptroller’s office is recommending over $61 million in property tax breaks for a sustainable aviation fuel facility through the state’s revamped economic development incentives program.

Summit Next Gen LLC was the first company to apply for subsidies under the Jobs, Energy, Technology, and Innovation program, which Texas lawmakers created last year to replace the long-standing, controversial Chapter 313 program.

The project, which would use Honeywell International Inc. technology, aims to be the “world’s largest ethanol-to-jet fuel plant” and “revolutionize the global aviation industry” by providing a scalable supply of low-carbon jet fuel. In its application, ...