Ohio-based MLP nabs Texas incentives for Houston-area project

A subsidiary of Ohio-based MLPX LP (NYSE: MPLX) has picked up an agreement with a Houston-area school district cutting taxes on a project worth nearly half a billion dollars.

Angleton Independent School District agreed to tax the project as though it were worth $30 million — less than one-10th of the cost to build it — for the 10-year life of the incentive deal, according to the terms of the agreement, which were published by the Texas Comptroller in November.

MPLX is a master limited partnership…