12/22/2008 — Master site admin
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As you visit this site you will find pieces of information that you may want to add to a Custom Profile. To do that simply click the "add" link that is associated with that information. Once you are finished gathering data simply click "View Custom Report" and that will take you directly to your report. From there you can email, print or create a PDF of that report.
Texas Economic Development Act (Chapter 313)
In 2001, the 77th Texas Legislature enacted House Bill 1200 creating Tax Code Chapter 313, Texas Economic Development Act (TEDA), to encourage the following large scale projects: manufacturing; research and development; clean coal as defined by Section 5.001, Water Code; advanced clean energy as defined by Section 382.003, Health and Safety Code; renewable energy electric generation; electric power generation using integrated gasification combined cycle technology; nuclear electric power generation; or a computer center used primarily in connection to one of the above categories. TEDA requires companies to invest a specified amount of money to qualify for a tax credit and an eight-year limitation on the appraised value of a property for the maintenance and operations portion of the school district property tax. A minimum of 25 new jobs must be created at certain wage levels. The local school district must elect to participate in order for the Company to recognize this benefit and the qualifying investment amount for the Katy Area begins at $30 million. For more information visit: http://www.window.state.tx.us/taxinfo/proptax/hb1200/index.html .