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Lipscomb County adopts tax‑abatement guidelines aimed at attracting large investments
Summary
After a presentation by CAPEX Resources Group, the Lipscomb County Commissioners Court adopted formal Guidelines and Criteria for tax abatements and passed a resolution authorizing participation under Chapter 312 of the Texas Tax Code; the policy includes a $1,000 application fee and a minimum projected net economic benefit threshold of $10 million.
The Lipscomb County Commissioners Court voted unanimously April 13 to adopt formal Guidelines and Criteria for granting property tax abatements in designated reinvestment zones and passed a companion resolution electing the county to participate in abatement agreements under Chapter 312 of the Texas Tax Code. The action followed a public hearing and a presentation by Jeff Snowden of CAPEX Resources Group.
The new policy sets floor requirements for projects seeking abatements. It requires a projected positive net economic benefit to the county of at least $10,000,000 over the life of the abatement and generally expects the creation of at least 10 full‑time jobs (or…
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