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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 JurisdictionRoscoe Collegiate 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): Roscoe Collegiate Independent School District
Applicable taxesProperty Tax Tax
Method of abatement: Payment In Lieu of Taxes (PILOT)
Provisions for recapture: In the event that an entity terminates the agreement without the consent of the District, or in the event that the company or its successor-in-interest fails to comply in any material respect with the terms of the agreement or to meet any material obligation under the agreement, then the District shall be entitled to the recapture of all Property Tax tax revenue lost as a result of the agreement together with the payment of penalty and interest on that recaptured Property Tax tax revenue.
Gross revenue loss: not reported
Reimbursement / offset: $61,400
Net revenue loss: not reported
Type of loss: Active
Additional notes on dislosureValue limitation period will begin in 2020.