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Tax Abatement Policies
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City of Baytown Guidelines
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OBJECTIVES |
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Primary
Job Creation - Target Industries
Amount
Abated - Minimum to be competitive
Fair
to Jurisdictions - It is a local option
Fair
to Existing Business - Modernization, Expansion
Regional
Cooperation - Similar Abatements
Flexibility
- Strictly Enforced Variance Procedure. |
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TERMS |
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Abatement shall not
Exceed Five (5) Years Including Construction Time.
100% 1st Year
100% 2nd Year
75% 3rd Year
60% 4th Year
50% 5th Year |
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FACILITIES
THAT
QUALIFY |
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Manufacturing,
Regions Service and Distribution, Regional Entertainment, Research
and Development and Other Basic Industry. |
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AUTHORIZED
INVESTMENTS |
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New Plant,
Expansion, and Modernization. |
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ABATED |
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Buildings
and structure, fixed machinery and equipment, site improvements,
office space to administer plant |
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NOT ABATED |
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Land,
existing improvements, construction-in-progress, personal property,
Hotels, housing, pipelines, gas and fluid storage, electrical
generating facilities, deferred maintenance, property with a useful
life less than 15 years. |
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ECONOMIC |
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Minimum
$500,000 investment, retain or create at least 5 jobs, cannot
reasonably use existing property. No "serious adverse
effect" on jurisdictions. |
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City of Baytown web site
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For More Information Contact:
Baytown/West Chambers County Economic Development Foundation
1300 Rollingbrook Drive, Suite #401, Baytown, TX 77521
Tel: 281.420.2961
FAX: 281.422.7682
E-MAIL:
Baytown Economic Development
Foundation
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