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Tax Abatement Policies
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Chambers County
Tax Abatement 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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SPECIAL
CONDITIONS |
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In
addition to agreeing to create five (5) new jobs, the Owner agrees
to "exercise its best efforts to insure" that . . .
- Fifty percent (50%) of total new
employees are residents of Chambers, Harris or Liberty Counties.
- A minimum of two (2) new employees
are residents of Chambers County, and
- Five percent (5%) of the new
employees, or a minimum of one (1) , are residents of the city
in which the facility is located.
- Companies receiving tax abatements
agree to pay an economic development fee as follows:
- Pay fee of one half of one
percent (1/2 of 1%) of the final construction appraised
value per year for three (3) years for projects valued at
$300,000 or greater, maximum fee not to exceed $10,000 per
year.
- Projects located east of Cedar
Bayou, south of Interstate 10 and west of Trinity River and
Trinity Bay shall make fees payable to the Baytown West
Chambers County Economic Development Foundation.
- Projects located outside the
area designated in item 2 above shall make fees payable to
the Chambers County Economic Development Fund.
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Chambers County Website
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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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