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News Wire / economy

SpaceX Facility Receives Tax Abatement In Texas

Mastodon United States 1h Impact 3
Grimes County, Texas, has agreed to give SpaceX a 100% property tax abatement for its proposed $5 billion Terafab semiconductor chip manufacturing facility. In exchange, SpaceX agreed to remit a lump sum payment to the county.

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tax abatement semiconductor manufacturing SpaceX

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Sources · 7 independent

Mastodon

“Grimes County Texas has agreed to give SpaceX a 100% property tax abatement for its proposed $5B Terafab semiconductor chip manufacturing facility. In exchange SpaceX agreed to remit a lump sum of”

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