380 & 381 Program
Local Government Code authorizes municipalities and counties to promote state or local economic development and to stimulate, encourage and develop business location and commercial activity in the county. Specifically, it provides for offering loans and grants of city/county funds or services at little or no cost to promote state and local economic development and to stimulate business and commercial activity.
The DCDC has the ability to issue grants and loans to qualified businesses on a case by case basis.
Pollution Control Equipment Incentive
A Texas constitutional amendment providing an exemption from property taxation for pollution control was approved in 1993. The intent was to ensure that compliance with environmental mandates, through capital investments, did not result in an increase in a facility’s property taxes.
Tax Code Chapter 313 - Value Limitation & Tax Credits
Texas Economic Development Act
An appraised value limitation is an agreement in which a taxpayer agrees to build or install property and create jobs in exchange for:
- An eight-year limitation on the taxable property value for school district maintenance and operations tax (M&O) purposes.
- A tax credit.
Texas Enterprise Zone
Employers who commit to creating or retaining permanent jobs, make capital investment ranging from $5 million to $250 million, fill at least 25% of their new jobs with individuals who are either economically disadvantaged or residents of an enterprise zone can receive state sales and use tax refunds on items purchased for their project site. A local public action nominating a company an EZ project before a state application can be submitted.