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Mills County adopts Chapter 312 tax-abatement guidelines with $10 million investment threshold
Summary
The Mills County Commissioners Court approved a framework for considering tax abatement applications under Texas Tax Code Chapter 312, setting a $10 million investment minimum and a two-full-time-employee threshold that the court may waive.
Mills County Commissioners Court on Oct. 13 voted to adopt guidelines and criteria that will govern consideration of tax abatement applications under Chapter 312 of the Texas Tax Code.
The policy establishes a $10,000,000 minimum capital-investment threshold for applications to be eligible for court consideration and sets an initial employment threshold of two permanent full-time positions; the court may waive the employment requirement on a case-by-case basis. The guidelines include a written application form intended to collect information the court will use to determine whether to set a public hearing on a reinvestment zone or to consider a…
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