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LOCATION FOCUS: Texas: Big Heart, Country, Business

Buisness Facilities Contributed Content

Drilling activity, extraction and production in the shale have expanded rapidly since the first well was drilled in 2008. Freeport LNG Development LP is investing some $4 billion in expanding the liquefied natural gas facility opened as a receiving and regasification terminal by the Houston-based firm at Port Freeport in 2008.

Texas 45
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State by State Incentives Guide

Buisness Facilities Contributed Content

Inventory is exempt from property tax. Bond proceeds cannot be used for working capital or inventory. No personal property or inventory taxes. Inventory Tax Exemption: Effective January 1, 2011, business inventory is exempt from state property taxes (0.15 Real property taxes are among the lowest in the country.

Income 108
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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

Loan proceeds are to be used for working capital, inventory, equipment purchase, and real property improvements but cannot be used for refinancing of existing debt or outstanding debt payments. Funds may be used to acquire equipment, make leasehold improvements, purchase recycled raw materials and inventory or acquire real property.

Income 75