Wells Fargo Stripped Of Award In Pollution Tax Break Appeal

Law360, Dallas (October 12, 2012, 4:00 PM EDT) -- A Texas appeals court on Friday vacated a sanctions award Wells Fargo Bank Minnesota NA had won against an Austin, Texas, appraisal district that refused to grant it a property tax break for its pollution control measures, holding the bank didn’t follow tax protest procedures.

The dispute revolves around a former landfill site owned by Wells Fargo that now houses an apartment building and qualified for a pollution control tax break based on the Texas Commission on Environmental Quality’s determination the land has a “positive use.”...
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