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<br />. <br /> <br />. <br /> <br />. <br /> <br />Section 2 <br />ABATEMENT AUTHORIZED <br /> <br />(a) Authorized Facility. A facility may be eligible for abatement if it is a: Manufacturing <br />Facility, Research Facility, Regional Distribution Center Facility, Regional Service Facility, <br />Regional Entertainment Facility, Research and Development Facility or Other Basic <br />Industry. <br /> <br />(b) Creation of New Value. Abatement may only be granted for the additional value of eligible <br />property listed in an abatement agreement between the County and the property owner and <br />lessee (if required), subject to such limitations as Commissioners Court and the property tax <br />code may require. <br /> <br />(c) New and Existing Facilities. Abatement may be granted for new facilities, the expansion of <br />existing facilities, or the improvement to existing facilities having the effect of improving <br />current environmental conditions. Improvements to existing facilities solely for purposes of <br />modernization may receive abatement if proven to be essential to the entity's economic <br />survival. <br /> <br />(d) Eligible Property. Abatement may be extended to the value of buildings, structures, fixed <br />machinery and equipment, site improvements plus that office space and related fixed <br />improvements necessary to the operation and administration of the facility. The value of all <br />property shall be the appraised value for each year, as finally determined by the Harris <br />County Appraisal District. <br /> <br />(e) Ineligible Property. The following types of property shall be fully taxable and ineligible for <br />abatement: land; inventories; supplies; tools; furnishings, and other forms of movable <br />personal property; vehicles; vessels; aircraft; housing; hotel accommodations; deferred <br />maintenance investments; property to be rented or leased except as provided in Section 2(f); <br />property which has an economic life of less than 15 years; property owned or used by the <br />State of Texas or its political subdivisions or by any organization owned, operated or directed <br />by a political subdivision of the State of Texas, or any property exempted by local, state or <br />federal law. When such exempted property includes manufacturing machinery and <br />equipment listed in the Investment Schedule (as required in Section 3(b)), then the value of <br />such property may not be included toward the achievement of the investment or valuation <br />thresholds set out in the abatement agreement. <br /> <br />(f) Owned/Leased Facilities. If a leased facility is granted abatement the agreement shall be <br />executed with the lessor and the lessee. <br /> <br />(g) Value and Term of Abatement. Abatement shall be granted in accordance with the terms of <br />an abatement agreement, and become effective either with the January 1st valuation date <br />immediately following the date of execution of the agreement. or a subsequent January 1st <br />valuation date not more than three years after execution of the abatement agreement, but not <br />beyond the completion of construction. Projects (other than modernization and addressed by <br />Section 2(i)) which meet the employment minimum set forth in Section 2(h)(2) are eligible <br /> <br />HARRIS COUNTY GUIDELINES AND CRITERIA <br />FOR GRANTING TAX ABATEMENT <br /> <br />PAGE4 <br />