May 19, 2015 4:52 PM

Tax bills from the House hit Senate Finance Committee

Oil and Gas lobby presses for simplification of qualifying for school district tax breaks

A slew of Texas House tax bills arrived in the Senate Finance Committee on Tuesday, including one to simplify qualifying for school district tax breaks.

A bill to combine school district jurisdictions for the purpose of qualifying for Chapter 313 agreements generated the most interest. Heath DePriest, representing Phillips 66, said the company’s $3.5 billion project crossed three school districts, a combination of pipeline, storage and export facilities.

Over the next five years, Phillips 66 anticipates spending another $15 billion, primarily around the Central United States and primarily in Texas, DePriest said.

By Kimberly Reeves