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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

StateTexas
Effected JurisdictionDimmitt Independent School District
Jurisdiction type: School district
Fiscal year ending In2019
Program nameValue Limitation Agreement
Program purpose: General Economic Development
Statutory authority: Texas Economic Development Act (Tax Code 313.024(b)(5))
Abating jurisdiction(s): Dimmitt Independent School District
Applicable taxesProperty Tax Tax
Method of abatement: Payment In Lieu of Taxes (PILOT)
Provisions for recapture: (not specified)
Gross revenue loss: not reported
Reimbursement / offset: $110,000
Net revenue loss: not reported
Type of loss: Active
Additional notes on dislosureAn agreement with the company has tentatively been reached; however, the company has yet to put any taxable property within the District.