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.
State or Territory: | Texas |
Effected Jurisdiction: | Dimmitt Independent School District |
Jurisdiction type: | School district |
Fiscal year ending In: | 2019 |
Program name: | Value 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 taxes: | Property 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 dislosure: | An agreement with the company has tentatively been reached; however, the company has yet to put any taxable property within the District. |