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Texas Enterprise Zone Program

The Texas Enterprise Zone Program is an economic development tool in which Kilgore partners with the State of Texas for state sales and use tax refunds on qualified expenditures. The level and amount of refund is related to the capital investment and jobs created at the qualified business site. The Enterprise Zone Program is administered through the Office of the Governor, Economic Development Bank.  For more information, please contact Texas Economic Development at (512) 936-0100.
 
 
Level of
Capital Investment ($)
Maximum Number of
Jobs Allocated
Maximum
Total Refund ($)
Maximum Refund
per Job Allocation ($
)
40,000 – 399,999
10
25,000
2,500
400,000 – 999,999
25
62,500
2,500
1,000,000 – 4,999,999
125
312,500
2,500
5,000,000 – 149,999,999
500
1,250,000
2,500
Double Jumbo Project
150,000,000 – 249,999,999
500
2,500,000
5,000
Triple Jumbo Project
250,000,000 or more
500
3,750,000
7,500

Eligibility Details:

  1. Jobs counted for benefit must have an average weekly wage which meets or exceeds the average county weekly wage in the county which the qualified business site is located.
  2. Each community has a limited number of designations available per biennium; communities with a population at or above 250,000 have 9 designations available per biennium, while communities with a population of less than 250,000 have 6 designations available. The state may award a maximum of 105 designations statewide per biennium, and may award up to 12 designations per quarterly round.
  3. Employment (new and retained jobs) and capital investment commitments must be met prior to the expiration of the designation period.
  4. A company must first pay the applicable state sales and use tax on qualified expenditures in order to receive a refund of those taxes.
  5. The percentage of a project’s new employees who must meet economically disadvantaged, enterprise zone residency, or veteran requirement varies depending on whether the qualified business site is located inside or outside of an Enterprise Zone—state-designated area with economically depressed conditions.
    • If located within a Zone, 25% of the company’s new employees at the qualified business site must meet economically disadvantaged, enterprise zone residency or veteran requirements
    • If located outside a Zone, 35% of the company’s new employees at the qualified business site must meet economically disadvantaged, enterprise zone residency, or veteran requirements.
  6. Only full-time jobs qualify for EZP award consideration
  7. Jobs must be maintained through the end of the designation period, or for at least 3 years after the date on which tax benefits are received, whichever is later.

Application:

The application period for the EZP occurs quarterly, with applications for the respective rounds due by 5:00 pm on the first business day of March, June, September and December. For more information from Texas Economic Development, please click HERE.