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(Updated 01-12-2026) POLICY STATEMENT CRITERIA AND GUIDELINES FOR TAX ABATEMENT .................... the designation of a reinvestment zone and execution of a tax abatement agreement. 2. The lead Taxing Jurisdiction (typically the City of Paris) may adopt an ordinance designating a tax abatement reinvestment zone only after notice of a public hearing has been published at least seven (7) days before the date of the hearing, and all other procedural requirement�s of Ch"r 312 of the Texas Tax Code have. been . . ..... ..... .. . .... ............. .. Findings In order to enter into an agreement, the Taxing Jurisdictions must find that: 1 . The terms of the proposed agreement comply with these Policies, Criteria and Guidelines. 2. There will be no substantial adverse effect on the provision of Taxing Jurisdictions' services or tax base. 3. That the planned use of the property will not constitute a hazard to public safety, health or morals. 4. Incident to approval of any ordinance designating a reinvestment zone, t e Taxing Jurisdictions shall find that the improvements sought are feasible and practical an would be a benefit to the land to be included in the reinvestment zone and to the Taxing Jurisdictions afterthe expiration o t e ............................ . . . . . . . . . . ................ _._ .................. . . . . ... . ...... .......... ........ . . . .. pmVormtinWZ60OW-Iften&and-Guidelinesm" ade in writing to the Taxing Jurisdictions; provided, however, that in no event shall the term of any abatement exceed the period authorized by applicable state law. Such request shall include a complete description of the circumstances requiring a variance. Approval of a request for variance shall require the alfirmative vote of three-fourths (3/4) of the members of each of the Jurisdictions',goyernmg,_b9dy . .. ................. . .......... .......................... Agreements the discretion of the Taxing Jurisdictions' governing bodies to decide whether to enter into a Decided on specific tax abatement agreement. Nor does it limit their discretion to delegate to their employees Individual the authority to determine whether or not the Taxing Jurisdiction should consider a particular Basis application or request for tax abatement, or create any property, contract, or other legal right in any ��E r V-- I for tax abatement. 1111111- ...... . . . ....... . ..... .... ....... .... ...................... ... ........... . . V111. Abatement Agreement Terms and Conditions. Appendix B provides many of the terms and conditions to be included in any formal tax abatement legal agreement. adoption, unless amended earlier by the affin-native vote of three-fourths (3/4) of the members of each governing body (City, County). For a tax abatement application or additional information contact: Paris Economic Development Corporation 1125 Bonham Street Paris, Texas 75460 Phone: 903-784-6964 Fax: 903-784-2503 Website: wixW'p.�g i_w( d u con) Email: L)Arisxc(�t istexasusa.com