Intel gets tax breaks while local authorities lose revenue, claims policy org
Report accuses corp of getting subsidies for its fabs from Oregon and New Mexico that deprive those states of vital funds
Intel, the chipmaker, continues to receive tax breaks from key states even after setting up operations and laying off thousands of workers in those regions, according to a policy organization. Good Jobs First, a non-profit group that promotes accountability in economic development, claims that Intel's property tax abatements have cost local communities over $1.2 billion in lost revenue since 2015, with the majority of the shortfall impacting schools funded by those governments.
In Oregon, schools lost $891 million in revenue from 2017 to 2025, while Intel paid $552.4 million in fees, less than a third of the tax break value. In New Mexico, Intel received $99.6 million in property tax exemptions, and Rio Rancho's public schools lost $43.4 million over the same period, paying $41.6 million in payments in lieu of taxes.
Despite these subsidies, Intel received billions under the CHIPS Act funding, but the non-profit questions the necessity of continued tax breaks, given the company's history of layoffs and restructuring efforts.
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