Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Tax Policy topic
No spam. Unsubscribe anytime.
Commissioners adopt statutory guidelines for tax abatements and reinvestment zones
Summary
Tom Green County adopted its statutorily required guidelines and criteria for granting tax abatements and reinvestment-zone incentives; officials emphasized the action is a procedural review and does not grant abatements.
The court reviewed and adopted updated guidelines and criteria for granting tax abatements and reinvestment-zone incentives, a periodic action the county said is required by statute. County officials emphasized that the adoption is procedural: the county is not currently granting abatements and the update preserves existing procedures for future consideration.
"Pretty much by statute what we have to do," Commissioner Bacon said during the discussion, noting the requirement for periodic review. The motion to adopt the guidelines was seconded and the court approved the measure on a voice vote.
