Application for Tax Abatement Clause Samples

Application for Tax Abatement. 4.1 The property owner must generally file an application for tax abatement with the County Judge for a tax abatement to be considered by the Commissioners Court. Exceptions to this requirement are: 4.1.1 For tax abatement in a municipal reinvestment zone, the Commissioners Court agrees to accept the application submitted to the municipality as compliance with the application requirement of these Guidelines if it is provided with a copy of the application submitted to the municipality at least ten (10) business days before the abatement is to be considered by the Commissioners Court on behalf of the County. Hill County reserves the right to require additional information which is reasonably necessary to guide its consideration of whether or not to grant tax abatement. 4.1.2 The Commissioners Court may consider as a tax abatement application a submittal which contains a description of the property, the proposed improvements and additions, any employment positions to be created or maintained, abatement terms, percentages and conditions, and other information included therein based on negotiations by County officials and legal counsel with the business, in lieu of requiring an application. 4.1.3 An Application for Tax Abatement must include the following: a. a legal description and common description of the real property for which tax abatement is sought; b. a description of any personal property for which tax abatement is sought; c. the proposed capital improvements to the property and any proposed additions of personal property thereon over and above what exists on the property at the date of the Application and any proposed increases in employment or retention of jobs which the Applicant is proposing as incentive for the grant of the tax abatement. This shall include the number of jobs, average wage of jobs, employment benefits to be provided, and a commitment to retain the jobs throughout the abatement period; d. Plans and Specifications for the proposed improvements and additions, and a proposed schedule for such to be completed; e. the name, address, and telephone number of the applicant; f. if the applicant is other than a natural person, identification of the form of the entity and a copy of the articles of incorporation, partnership agreement, or other document establishing the entity must be provided. Where the applicant is other than a natural person, a certificate of good standing from the State Comptroller shall be provided, and a verification of...