Committee explores Chapter 380 tax‑deferral option with developer proposal; seeks more detail
The committee discussed a developer's proposed '3 80' (Chapter 380) agreement to split deferred sales tax on building materials with the city. Members asked for more information and invited the developer to present at a future meeting.
The full story
Members of the Lago Vista Economic Development Advisory Committee discussed a proposed agreement brought forward by Trophy Signature Homes that the meeting record referred to as a "3 80 deal," a local tax‑deferral arrangement that requires paperwork with the state comptroller.
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