April 14, 2015

Weld commissioners approve $7.8M tax abatement for Noble Energy

Oil and gas producer Noble Energy Inc. (NYSE: NBL) got approval from the Weld County commissioners Monday to reduce its tax burden by nearly $7.8 million, money that will have to be payed back from tax districts like Aims Community College and local school districts in addition to the county government.

The Greeley Tribune reports that the approval was unanimous. Noble had originally paid $73,307,779.47, but received an abatement of $7,783,166.32. The request came after the company revised its 2012 tax filing and found more expenses that could have been deducted.

The county government will be on the hook to pay back…

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