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.
State:
Texas
Reporting Jurisdiction:
Pecos-Barstow-Toyah Independent School District
Jurisdiction type
:
School district
:
Fiscal year ending In:
2019
Program name:
Value Limitation Agreement
Program purpose:
Economic Development
:
Statutory authority:
Texas Economic Development Act (Tax Code 313)
:
Abating jurisdiction(s):
Pecos-Barstow-Toyah Independent School District
:
Applicable taxes:
Ad Valorem Tax
Method of abatement:
Reduction of taxable value of property; Payment in lieu of tax
:
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 ad valorem tax revenue lost as a result of the agreement together with the payment of penalty and interest on that recaptured ad valorem tax revenue.
:
Gross revenue loss:
not reported
:
Reimbursement / offset:
$240,350
:
Net revenue loss:
not reported
:
Type of loss:
Active
:
Additional notes on dislosure:
CAFR does not disclose the amount of state funding that is to be provided. Agreement made in 2017.
