2026-002 - Authorizing Industrial Tax Abatements

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(Updated 01-12-2026) POLICY STATEMENT CRITERIA AND GUIDELINES FOR TAX ABATEMENT APPENDIX A ..... ........ .. Term ...... Definitioln a ... Abatement or Tax The full or partial exemption from ad valorem taxes of certain real and tangible personal Abatementliroliei _.. Zone dcsiated for economic development puiposes y in a Reinvestment gl f Agreement or The written legal agreement for tax abatement between a property owner and/or lessee and the A , cements City of Pans, Lamar County and ParisJuniorColle e..., 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 thefacility .............. ....._ .. _.................. Authorized The Ci tyCouncilFof the Ci tyof 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 sid _tial __... ..1 _ 'a and guidelines separate from these policies residential abatement iohcies criten 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 R distributemajority of Distribution Facility xin he goods or services are distributed to points 100 miles from is location m the Taxing _Jurisdictions of Paris and Lamar County.. _ 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 herefore likely utilize local restaurants and hotel/motel .. accommodations Research Facility Used primarily for research or experimentation to improve or develop new tangible goods or _ materials or to improve or develop the production processes thereto ______c �..sult .___.. ...__w... . Other Basic or r se is Not elsewhere de scribed, 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- r related industries )• .. __. . .... .... _..., _........... a...._' Primary Jobs Any industry creating "primary jobs" defined as a job that is available at a company for which Creating Industry a majority of the products or services of that company are ultimately exported to regional, statewide national, or international markets infasin new dollars into the local ec �... ... - ..g..... . ......... ..... .. .... onomy. _. 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 year to y ear as tier renditions by the Lamar County Apliraisal District Employer The owner or lessee of property, who is applying for tax abatement and who will provide jobs .......... .... ......._..... ....m... .. i ...e www.._ __...�....w___... within the Enterprise Zone and ca ital investment within the Reinvestment Zone or .. ... _. _._....... 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 Enter rose Zone J f land desi�ated as such under C halater 2303 of the Texas Government Code., An area o „ ww..... ......_.__ .w...... _ __.. 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 Equivalent Jobs" defined below. _.......w._ _ - Full-time Equivalent The intention of the governing bodies is to provide a company the maximum flexibility in 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 ours worked in each such job is less than 40 hours leer 2 A number of cart time obs where the hours ...