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Tax Phase In Program

Guidelines and Criteria

for Tax Abatement in Burleson County




Purpose and Objective

Burleson County is committed to the promotion of quality development in all parts of the county, and to an ongoing improvement in the quality of life for its citizens.  In so far as these objectives are generally served by the enhancement and expansion of the local economy, Burleson County, will, on a case by case basis, give consideration to providing incentives as a stimulation for economic development in Burleson County.  The individualized design of a total incentive package is intended to allow maximum flexibility in addressing the unique concerns of each applicant while enabling the County to better respond to the changing needs of the community.

 

Eligible Business Categories

Manufacturing, Distribution Center

                                  

Criteria for Abatement Incentives

The following conditions are guidelines, each application will be considered, case by case, any agreements reached, if any, will be specific to each Abatement Contract.

Step One Abatement

Maximum abatement period - Five (5) years.

Minimum construction or expansion - $750,000.00.

Minimum number of new jobs – Five (5) *jobs.

50% of new employees must reside in Burleson County. 

Every effort must be exercised to use local resources in employees, goods, and services. 

Total abatement period will be up to five (5) years, including construction time. The abatement will conform to the schedule of years and percentages stated below:

1st year

80%

2nd year

60%

3rd year

40%

4th year

20%

5th year

20%

 

Step Two Abatement

Maximum abatement period - Seven (7) years.

Minimum construction or expansion - $1,000,000.00.

Minimum number of new jobs – Ten (10) *jobs.

50% of new employees must reside in Burleson County. 

Every effort must be exercised to use local resources in employees, goods, and services. 

Total abatement period will be up to seven (7) years, including construction time. The abatement will conform to the schedule of years and percentages stated below:

 

1st year

80%

2nd year

60%

3rd year

40%

4th year

20%

5th year

20%

6th year

20%

7th year

20%

 

Step Three Abatement

Maximum abatement period - Ten (10) years.

Minimum construction or expansion - $1,500,000.00.

Minimum number of new jobs – Twenty (20) *jobs.

50% of new employees must reside in Burleson County. 

Every effort must be exercised to use local resources in employees, goods, and services. 

Total abatement period will be up to ten (10) years, including construction time. The abatement will conform to the schedule of years and percentages stated below:

1st year

100%

2nd year

100%

3rd year

80%

4th year

80%

5th year

80%

6th year

60%

7th year

8th year

9th year

10th year

60%

40%

40%

20%

 

* Job – A job is defined as a Full Time Employee with health insurance, a retirement benefit, and a holiday/vacation package.  Jobs that are created with lesser benefits will be counted as .5 employees for calculation purposes.