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INCENTIVE DESCRIPTION
| State: | TX |
| Incentive Type: | Income/Franchise Tax Incentives and Credits |
| Incentive Title: | Investment Credits |
| Description: | INVESTMENT CREDIT: Corporations that invest at least $500,000 in machinery and equipment can qualify for a franchise tax credit equal to 7.5 percent. The investment must be located in strategic investment area (SIA) counties and in the industries listed for the job creation credit. This credit is limited to 50 percent of the firm's tax liability, and any unclaimed credits may be carried forward for a maximum of five years or until December 31, 2012, whichever occurs first. As of January 1, 2008 these credits will expire under Texas House Bill 3. |
| Eligibility Requirements: | Must be a qualifying industry, must be located in the qualifying county. |
| Geographic Restrictions: | SIA designated counties statewide |
| Granting Authority: | State of Texas |
| The information which you have reviewed is a summary of the benefits and savings which may be available for your company. To receive a more detailed analysis of valuable opportunities for your company, please forward your contact information to Larry Kramer at lkramer@incentisgroup.com |
Impotant Legal Information Information is provided in summary form and should not be considered legal, investing, or other business advice. Its receipt does not create a relationship between Incentis Group and recipient. All information is believed to be accurate at the time of printing but should not be relied upon, and no decisions should be made, without consulting the full text of the applicable statutes and seeking independent counsel. Incentis Group and FastFacility make no representation as to the eligibility of a company or person to receive any incentives. |
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