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(Updated 01-12-2026) POLICY STATEMENT CRITERIA AND GUIDELINES FOR TAX ABATEMENT APPENDIX A _Term Definition .,,,, ......... ,. _........ o ...... v��,. .oma .r-...� ......... _ Abatement or Tax _... The full or partial exemption from ad valorem taxes of certain real and tangible personal Abatement proiiert ° in aµReinv1-11-11111-1-1estment Zone designated for economic develo invent fsurl oses. _ _ Agreement or The written legal agreement for tax abatement between a property owner and/or lessee and the AAgieements City of Paris, Lamar Countv and Pans Junior College. 11--....-1 ...1 __ .. -_111.....__.w .... __ ... Authorized A facility may be eligible for abatement if it is a facility used for manufacturing, research, Commercial or regional distribution, regional services, regional tourist entertainment, other basic industry, or Industrial Facility any primary jobs creating industry (see definitions below). All authorized facility definitions include buildings and structures, including fixed machinery and equipment used in operating the Authorized The City Council of the City of Paris may also designate areas of the City where residential Residential Facility properties may be considered for abatement of City taxes only. The City of Paris will approve .......... their residential abatement iLolicies, criteri4.and i uidelines separate from these policies 7k......_..... Manufacturing The purpose of which is or will be the manufacture of tangible goods or materials or the Facility processing of such goods or materials by physical or chemical change. Facilities primarily engaged in assembling component parts of manufactured products are also considered manufacturing facilities. _ .. ............ ....� ....m. _ .... _.._.............. ___..-__._w .ww ......__..... Regional Used primarily to receive, store, service, or distribute goods or materials where a majority of Distribution Facility the goods or services are distributed to points at Ieast 100 miles from its location in the Taxing Lamar Counta..,.__._ ..... Jurisdictions of Paris and.. ..............w ... _..........,. _ Regional Tourist Used in providing amusement/entertainment through the admission of the general public where Entertainment the majority of users reside at least 100 miles from the Taxing Jurisdictions and where the Facility majority of users are likely to stay in the Taxing Jurisdictions for more than one day and will _.. ._.. and hotel/motel accommodations. therefore likel�urilize local restaurants....._ .................. ................ _._...,,,..... 4 ................ Research Facility Used primarily for research or experimentation to improve or develop new tangible goods or www -materials-or-to, improve or deve!gp the liroduction_processes thereto Other Basic or Not elsewhere described, used for the production of products or services which result in the Service Industry creation of new jobs and bring new wealth into the Taxing Jurisdictions (e.g. healthcare- lated industries' re .... Prim Jobs Primary y try g p ry J J p y which An industry creating " rima obs" defined as a job that is available at a company for Creating Industry a majority of the products or services of that company are ultimately exported to regional, __ _...... statewide, national or international markets infusinin g new dollars into the local economymmm� ,M Base Year Value The assessed value of eligible property as of January 1, preceding the date of execution of the agreement plus the agreed upon value of eligible property improvements made after January 1, but before the execution of the agreement. The Base Year Value may be adjusted either up _._... .... or down from y°ear to dear asaer renditions byr the Lamar County Alpraisal District. .... a _ ., ... w......._w. Employer The owner or lessee of property, who is applying for tax abatement and who will provide jobs _. ............._.. and capital investment within the Reinvestment Zone or within the Ente�rise Zone ..,...... _ ................ ..... _.... . _ ...._w.................p_.,. .._.., Reinvestment Zone An area where the Taxing Jurisdictions have decided to influence development patterns and attract major investments that will contribute to the development of the area through the use of tax abatement for specified improvements. These statues are found in Chapter 312 of the Texas Tax Code. __ ... ... ...... ............. .................... EnteiLirise Zone .. _ ............. An area of land desiaiated as such under Cha iter 2303 of the Texas Government Code. w__....._ 1 Job or Jobs A ` job" is when an individual works 40 hours per week for an employer, and in the position the individual is provided the benefits normally offered by the employer, such as health insurance, vacation and some form of retirement benefit. A job is not a position filled for the employer as a worker or employee of an employment agency or employment service. "Jobs" also includes "Full-time Eaiuivalent Jobs" defined below. ._ .... _ 4 _. ,. Full-time Equivalent The intention of the overrun bodies is to provide a company the maximum flexibility ui governing P P Y n' � running (FTE) Jobs their business and making business decisions, especially related to staffing. The following definition of FTE will be reflected in all incentive agreements. An FTE is: 1. An individual working 40 hours per week in a job defined above. _.._...w 2 A number of part-time obs where the hours worked m each m� ..__... _....� p J ............ _........_ ......, .. ..such�ob is less than 40 hours per