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State of Texas Incentives
The material contained in this Summary of State Incentives is provided for informational purposes only and cannot be considered a commitment. Assumptions are based on creating jobs and providing a capital investment. Total jobs and capital investment have been included as eligible costs for the various incentive programs available. However, actual jobs and capital investment may vary from the assumptions made due to final determination of program eligibility and site location.
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Ad Valorem/Property Tax Exemption
A community may choose to offer the Freeport exemption for various types of goods that are detained in Texas for a short period of time.
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Bonds
See information on bonds for items such as sales tax or industrial revenue bonds.
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Chapter 380
Section 380 of the Local Government Code authorizes municipalities to offer a range of incentives designed to promote state or local economic development.
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Economic Development and Diversification
The Economic Development and Diversification In-state Tuition incentive may be offered to qualified businesses that are in the decision-making process to relocate or expand their operations into Texas.
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Economic Development Refund
The Texas Comptroller of Public Accounts offers a refund of State franchise and sales/use taxes paid by companies owning certain abated property.
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Movie Image Industry Incentive Program
In 2007, the 81st Texas Legislature enacted House Bill 1634 establishing the Movie Image Industry Incentive Program. Under the legislation, grants to promote industry growth in Texas can be made to applicant production companies.
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Permit Assistance
TCEQ and the Office of the Governor Economic Development and Tourism division have established a relationship to assist companies.
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Renewable Energy Incentives
Tax Code Section 171.056 extends a franchise tax exemption to manufacturers, sellers, or installers of solar energy devices.
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Rural Municipal Finance Program
The Rural Municipal Finance Program was created by the Texas Agricultural Finance Authority (TAFA) to stimulate economic activity in rural Texas.
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Section 108
Entitlement communities may access the Section 108 program through HUD. The program allows entitlement communities the ability to borrow funds guaranteed by Section 108 through pledging their current and future CDBG allocations (up to the loan amount) as security for the loan.
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State Sales and Use Tax Exemptions
Leased or purchased machinery, equipment, replacement parts, and accessories that have a useful life of more than six months, and that are used or consumed in the manufacturing, processing, fabricating, or repairing of tangible personal property for ultimate sale, are exempt from state and local sales and use tax.
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Texas Capital Fund Infrastructure Program
The Texas Capital Fund Infrastructure Program is an economic development tool designed to provide financial resources to non-entitlement communities.
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Texas Capital Fund Real Estate Development Program
The Texas Capital Fund Real Estate Development Program is designed to provide financial resources to non-entitlement communities.
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Texas Economic Development Act
In 2001, the 77th Texas Legislature enacted House Bill 1200 creating Tax Code Chapter 313, Texas Economic Development Act, to encourage large-scale manufacturing, research and development, renewable energy, nuclear and integrated gasification combined cycle electric generation facilities capital investment projects in the State of Texas.
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Texas Enterprise Fund
The 78th Texas Legislature established the Texas Enterprise Fund to provide financial resources to help strengthen the state’s economy.
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Texas Enterprise Zone Program
Under the statewide cap of 105 projects per biennium a community with less than 250,000 in population may have up to four enterprise projects. A community with 250,000 in population or greater may have up to six enterprise projects.
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Texas Industry Development Program
The Office of the Governor Economic Development and Tourism Division hereby gives notice that The Texas Small Business Industrial Corporation is accepting applications for loans to be funded through the Texas Industry Development Revolving Loan program.
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Texas Leverage Fund
The Texas Leverage Fund (TLF) is an "economic development bank" offering an added source of financing to communities that have passed the economic development sales tax.