Waller County Ad Valorem Tax Abatement Guidelines-Summary

Waller County projects that may qualify for reinvestment zone and property tax abatement include manufacturing, wholesale distribution, office operations, and recreational uses that serve a regional population.  Authorized investments include new plant, expansion, and modernization.  Eligible investments include buildings, structures, fixed machinery, equipment, site improvements, speculative industrial buildings, urgent care centers, warehouses and recreation and entertainment facilities serving a regional population.  Ineligible investments/property include:  land; inventories; supplies; tools; furnishings, and other forms of movable personal property; vehicles; vessels; aircraft; housing; hotels accommodations; retail facilities; deferred maintenance investments; property to be rented or leased except as provided in the tax abatement policy; improvements for the generation or transmission of electrical energy not wholly consumed by a new facility or expansion; any improvements, including those to produce, store or distribute natural gas, fluids or gases, which are not integral to the operation of the facility; property which has a productive life of less than 10 years; property owned or used by the State of Texas or its political subdivisions or by any organization owned, operated or directed by a political subdivision of the State of Texas.  The abatement period is negotiable up to a period of 8 years.  Minimum investment is $1,000,000 in new, additional assessed value for new projects and $500,000 for existing Waller County expanding businesses.  Job creation requirement is five new jobs.  An economic impact analysis is performed to determine eligibility.   An economic impact analysis is performed to determine eligibility and Katy Area EDC can assist the Company in preparing the application and economic impact analysis for submission to the Waller County Commissioner’s Court.