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Council declares intent to participate in Texas tax abatement program for Heart of the Falls revitalization zone
Summary
City Council opened and closed a public hearing and adopted a resolution declaring the city’s eligibility and intent to participate in a Texas tax abatement program and to adopt guidelines for abatements in the Heart of the Falls neighborhood empowerment zone; staff said the reinvestment zone lifetime is 10 years.
Wichita Falls — The City Council on May 20 opened a public hearing and adopted a resolution declaring the city’s eligibility and intent to participate in the Texas tax abatement program for the Heart of the Falls neighborhood revitalization area and to adopt guidelines and criteria for abatements there.
City staff described the step as one of three required by the Texas tax code before local governments may offer tax…
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