While they agree the price of natural gas is the primary driver behind Texas utility bills, energy experts say there are other factors at play. “But we’ve seen it for several quarters now: It is a struggle to get qualified people into the positions (companies) want right now.” Is the price of natural gas the only cause? “There’s also a shortage of labor across most of the oilfield services,” Golding said, noting that companies are trying to hire aggressively. “For folks out there, it’s better for their economy when gas prices are high.”īut despite the spike in demand, the oil and gas industry isn’t seeing major production growth because of a backlog of orders for vital equipment due to supply chain issues stemming from the pandemic, said Garrett Golding, energy economist with the Federal Reserve Bank of Dallas. “I grew up in Odessa in the middle of oil and gas, and there’s always been this inverse relationship,” said Carrie Collier-Brown, lawyer for the Alliance for Retail Markets, a trade group for Texas electric providers. Cities located in the state’s oil fields usually benefit even more. As a major gas producer, the state typically benefits from high oil and gas prices in the form of jobs and state taxes on oil and gas production. The higher prices will, however, benefit some Texans. With the war in Ukraine dragging on and upending the world energy market, Texas electricity providers are cautioning customers that the high rates could linger for months or longer. Therefore, it may be granted.How long will Texans see higher utility bills? The STAR exemption they would receive in 2022 would be considered the continuation of an existing exemption, not a new exemption. May they keep the STAR exemption in 2022?Ī. In 2022, they’ll begin receiving the senior citizens exemption, so they’ll be separately assessed. In 2021, a manufactured home owner received the STAR exemption while their unit was included in the assessment of the park. To continue receiving a STAR benefit without interruption, they should register for the STAR credit. STAR exemptions may no longer be granted to manufactured homes that are included in the assessment of parks. Since they won’t be eligible for the senior citizens exemption in 2022, their unit will be included in the 2022 assessment of the park. They may receive STAR, but not as an exemption. In 2022, their income for the applicable income tax year will be above the limit for the senior citizens exemption but below the limit for Enhanced STAR. May they continue to receive the STAR exemption in 2022?Ī. The owner was also receiving an Enhanced STAR exemption. In 2021, a manufactured home was separately assessed because the owner qualified for the senior citizens exemption. We recommend sharing this STAR fact sheet with new homeowners. New homeowners should register for the STAR credit.
New homeowners, including new owners of manufactured homes, are not eligible for the STAR exemption. May a new homeowner in a manufactured home park who will receive a veterans or senior exemption also receive a STAR exemption?Ī.
#NO LONGER HOME TRAILER FULL#
The STAR credit for manufactured homes is based on a minimum full value of $20,000.There are two benefits that many manufactured home owners will receive as a result of this change: We will share the letters and notice on this page before we begin mailing them. In addition, we are sending notification of the change to mobile home park owners. In cases where the department is unable to automatically switch the owner to the STAR credit, we will send them a letter with specific instructions to register for the STAR credit. (See Form RP-425-RMM-MH.)
The Tax Department will send a letter to these owners letting them know of the change. Where possible, the Tax Department will automatically switch impacted manufactured home owners directly to the STAR credit without any action on the owners’ part. Therefore, they can continue to receive a STAR exemption.
#NO LONGER HOME TRAILER VERIFICATION#
Enhanced STAR Income Verification Program.
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