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Board approves early start to tax-limitation period for Beaumont New Ammonia LLC; district projects $42 million over life of agreement
Beaumont Independent School District Board of Trustees · September 19, 2025
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Summary
Trustees voted 6–0 to amend a previously approved tax-limitation agreement for the OCI project (now Beaumont New Ammonia LLC) to move its tax-limitation period earlier; district projections estimate about $9.8 million in payments beginning 2026 and roughly $42 million over the agreement’s life.
The Beaumont ISD board approved an amendment to an economic development tax-limitation agreement that changes the company name to Beaumont New Ammonia LLC and advances the start of the tax-limitation period.
Outside counsel and district consultants told the board the amendment would…
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