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(ReadoM ted 01-13-2020) <br />POLICY STATEMENT <br />CRITERIA AND GUIDELINES FOR TAX ABATEMENT <br />. . . ......... — <br />9. An additional 20% abatement for newjob creation is available based on the following requirements: <br />a. A project that creates a minimum of 10 newjobs. <br />b. The newjob wages am equal to or greater than the current County average wage for all private sectorjobs excluding <br />retail trade and accommodation and food services ($41,158 annually for 2013. Source: Texas Workforce Commission <br />via www.tracer1c ' orr. (Note: This represents 547 companies, 10, 4 70johs and 56% of allprivate seaor employment in <br />Lamar County.) <br />c. The taxing jurisdictions and the company must agree to include fl" asurinp, tracidug and annual reporting of the not <br />job increases (existing jobs plus nowjobs) for ffie entire term of the abatement agreement. <br />V1. Tax Abatement for Existing Employers Regarding Real or Personal Property. <br />The Taxing Jurisdictions recogrfize, the value of its existing employers to the well-being of the <br />City and County. 'fhe Taxing Jurisdictions desire to encourage existing employers to remain in <br />the Taxing Jbrisdictions and to improve their respective businesses and industries, as well as thek <br />profitability. <br />Ai low IT4IV4111 <br />property by 44 I' new improvements on its real property and/or adding new personal <br />property to its authorized facility which qualify for tax abatement under these Policies, Criteria <br />and Guidelines, such employer may be eligible for tax abatement with respect to such <br />im M NI � to i <br />MANI <br />rtt4141'Tz;MqT,pJJ <br />112 N I <br />6 MIMI <br />loologitly'Lall 11170TA M 0 tol I a U* ;�qwt'K6 -2�1;' a X 6) 11 # a I I Kro RIP <br />U14 raFA <br />Jilikk.-g .1 MAA4 1 , A * <br />