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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.

Effected JurisdictionKenedy 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); Texas Tax Code 171 (313.024(a)), (313.024(b)(1)) (313.024(a))
Abating jurisdiction(s): Kenedy Independent School District
Applicable taxesProperty Tax Tax
Method of abatement: (not specified)
Provisions for recapture: If the company fails to comply with the conditions for eligibility, the District is entitled to recapture all Property Tax tax revenue lost as well as the payment of penalty and interest calculated in accordance with the methodology set out in Texas Tax Code Chapter 33.
Gross revenue loss: $1,363,407
Reimbursement / offset: $0
Net revenue loss: $1,363,407
Type of loss: Active
Additional notes on dislosureCAFR does not disclose the amount of state funding that is to be provided. Agreement made in 2013.