Tax abatement on real and personal property improvements may be granted by all taxing entities in Kilgore except Kilgore Independent School District. Taxing entities may adopt a tax abatement agreement with companies according to the levels of investment and job creation. Primary employers may qualify for a “Schedule I” or "Schedule II" abatement as shown below, or the equivalent. Other abatement schedules may be negotiated depending on the economic impact of a project.
All jobs created must be full-time jobs within the City limits of Kilgore, Texas.
Tax Abatement Requirements:
Tax Abatement Schedule I
Capital Improvements - Minimum of $1,000,000
Full-time Job Creation - 25 or More OR Payroll Increase - $625,000 Annually
Abatement Schedule
1-3 Years: 100%
4 Years: 75%
5 Years: 50%
6 Years: 25%
Tax Abatement Schedule II
Capital Improvements - Minimum of $500,000
Full-time Job Creation - 5-24 OR Payroll Increase - $250,000 Annually
Abatement Schedule
1-3 Years: 50%
4 Years: 37.5%
5 Years: 25%
6 Years: 12.5%