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07 Kammer EZ Request
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07 Kammer EZ Request
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Last modified
9/12/2012 10:46:03 AM
Creation date
1/12/2002 6:19:50 PM
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Template:
AGENDA
Item Number
7
AGENDA - Type
DIRECTION TO STAFF
Description
Kammer application for Tax Abatement
AGENDA - Date
1/14/2002
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assess property taxes, such as municipalities, counties, and school districts. Because the <br />PEDC receives its tax support from sales tax revenues and not property ta1c, the PEDC <br />cannot itself grant tax abatements. To that extent, the PEDC acts in an advisory capacity <br />to the City Council on tax abatements. <br />2. Has the PEDC limited itself to manufacturing and warehousing type industry? <br />Answer: I believe this question is answered in the attached correspondence dated <br />December 10, 2001, which was forwarded to the Paris City Council by Mr. Erik Roddy <br />on behalf of the Paris Economic Development Corpora6on (PEDC). See also the enclosed <br />Mission Statement from the PEDC. <br />3. Is the PEDC's main purpose that of attracting manufacturing and warehousing type <br />industries to all of Paris, and not just limited to the Enterprise Zone? <br />Answer: I believe PEDC's role is to attract manufacturing and warehousing type industries <br />to all of Paris. <br />4. Is the Enterprise Zone limited to manufacturing and warehousing type industries to <br />qualify as an Enterprise Zone? <br />Answer: According to the handbook on Economic Development Laws for Texas Cities, <br />Volume II, page 2, the Texas Enterprise Zone Program is administered by the Texas <br />Department of Economic Development and is designed ro encourage job creation and <br />capital investment in areas of economic distress within Texas. <br />Other criteria apply to the Zone such as size, economic development condition, etc. At <br />page 3 of the handbook, it states "cities, counties, and other taxing units are able to offer <br />local incentives such as tazx abatement, tax increment financing, local sales tax refunds, <br />utility reductions, and other regulatory incentives to businesses within an Enterprise <br />Zone." In other words, there are certain incentives for economic development within <br />Enterprise Zones that aze offered by the State. The decision as to what kinds of industries <br />receive those incentives is strictly up to the State. For incentives that are locally based, <br />the decision as to what kinds of industries will receive those incentives is restricted solely <br />to the local entities. <br />5. Are the Enterprise Zone incentives limited to manufacturing and warehousing types <br />of industries? <br />Answer: See answer in previous question number 4 above. In addidon, I am advised in <br />order to receive Enterprise Zone incentives a project must be designated as an Enterprise <br />Project by the Texas Department of Economic Development. I am further advised such <br />designations are very competitive and only a limited number of projects each year receive <br />-2- <br />
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