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.
Harris County Leadership in Energy and Environmental Design (LEED) Tax Abatement Summary
If the owner of a new commercial facility has registered with the U.S. Green Building Council (“USGBC”) seeking LEED Certification, then the County Community Services Department (“CSD”) may recommend approval of partial tax abatement for the incremental investment associated with obtaining such certification. The Agreement shall be effective up to 10 years, at a percentage based upon the level of certification actually obtained after completion of construction: • LEED Certification Level and “Imputed LEED-Related Value Increment:” 1. Basic “Certified” Level 1.0%; 2. Silver Level 2.5%; 3. Gold Level 5.0%; 4. Platinum Level 10%. The minimum value increase requirement derived from the “Imputed LEED-Related Value Increment” to meet the eligibility test is $100,000. This type of tax abatement may be sought by an applicant of the County’s standard economic development tax abatement, or as standalone tax abatement. When an applicant seeks only a LEED Certification Tax Abatement, no job creation target or competitive siting will be required in order to qualify. The investment requirement will be at least $1 million for a commercial structure with Platinum LEED Certification, and at least $10 million for a commercial structure with the Basic Certification (assumes percentages from preceding table and minimum value increase of $100,000). Applicant must be registered with USGBC seeking LEED Certification, prior to submitting its application to the County. The application for a LEED Certification Tax Abatement must be submitted to the County prior to commencing construction of the applicable new development. A non-refundable application fee of $1,000 specifically for “LEED Certification Tax Abatement,” made payable to Harris County, must be provided to the County with an application. The Agreement shall become effective in the year the application is approved by Commissioners Court up to 10 years. However, the tax abatement benefit (i.e., partial exemption of value from ad valorem taxes) shall not commence until construction of the project is completed and LEED Certification is obtained by the applicant. The value of the tax abatement shall be calculated on the appraised value after LEED Certification is obtained. The value of the tax abatement may be increased by up to $1,000 in the final year of the Agreement, at the County’s discretion. Katy Area EDC can assist the Company in preparing the application for submission to the Harris County Community Services Department.