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Tax Abatement
The
City of Pearland, Harris County, and Brazoria County, Texas
offer tax abatement to qualifying businesses. The City of Pearland,
and Brazoria County have outlined the criteria for the creation
of a reinvestment zone and tax abatement as follows:
| CITY OF PEARLAND |
BRAZORIA COUNTY |
| Minimum $500,000 Capital Investment |
Minimum $1 Million Capital Investment |
| Retain or Create at least ten jobs |
Same |
| Qualifying Facilities: |
| Manufacturing & Processing |
Same |
| Service & Distribution |
Same |
| Research & Development |
Same |
| Entertainment |
Same |
| Qualifying Investments: |
| New plants, expansions or modernizations |
Same |
| Allowable Items: |
| Buildings & Structures |
Same |
| Fixed Equipment |
Same |
| Site Improvements |
Same |
| Administrative Office Space |
Same |
| Non-Allowable Items: |
| Land, Existing Improvements |
Same |
| Construction-in-progress, personal property, hotels, housing, deferred maintenance, retail |
Same |
| Terms: |
| Maximum two year construction period |
Same |
| Up to eight years thereafter or useful life of property |
Five years thereafter or useful life of property |
| Up to 100% Abatement |
Same |
The official tax abatement guidelines and procedures for the City of Pearland is available for review as well as the application for tax abatement. Harris County's application and guidelines will be managed by the Harris County Economic Development Department.
Tax
Abatement Application form (187 KB)
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