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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 JurisdictionHarris County
Jurisdiction type: County
Fiscal year ending In2020
Program nameProperty Redevelopment and Tax Abatement Act
Program purpose: Job Creation/Retention
Statutory authority: Property Redevelopment and Tax Abatement Act, Chapter 312
Abating jurisdiction(s): Harris County, Texas
Applicable taxesProperty Tax
Method of abatement: Tax Abatement
Provisions for recapture: termination of the agreement in the event its counterparty discontinues producing product as well as recapturing Property Tax abated in that calendar year
Gross revenue loss: $448,064
Reimbursement / offset: $0
Net revenue loss: $448,064
Type of loss: Active
Additional notes on dislosureCAFR provided breakdown by unnamed recipients: "two ... were manufacturing facilities, which were granted exemptions that converted to property tax abatements ranging from $17,922 to $144,213 and totaling $162,135. Two of the entities were a regional distribution facilities, which were also granted an exemption that converted to a property tax abatement of $16,385."
Document sourcehttps://auditor.testint.hctx.net/Pages/CAFR.aspx