Chapter 312 Abatement Reports

Abatement Basic Information

CAD Name: Jefferson CAD
Lead Taxing Unit: Jefferson County
Reinvestment Zone Name: Exxon Mobil Beaumont Refinery Reinvestment Zone
Abatement Status: Expired
Property Owner Name(s): Exxon Mobil Oil Corp
Employment Created: Y

Property Information

Property Type: Both
Business Activity: Expanding
Business Type: Commercial/Industrial
Business Size: No Response
Physical Structure: Existing
New Construction: Y
Current Facility Renovation/Remodeling: Y
Current Facility Retooling/Upgrading: No Response
Furniture/Fixture Purchase: No Response
New Machinery/Equipment Purchase: No Response

New Abatement Execution, Effective, and Expiration Dates

Abatement Execution Date: 2016-02-21
Abatement Effective Date: 2016-02-21
Abatement Expiration Date: 2025-02-20
Base Value: $15,862

Abatement Percent/Year Information

Taxing Unit Name: Jefferson County
Taxing Unit Type: Lead Taxing unit
Property Type: No Response
Property Account: Unknown

Percent of Value Abated:

• Year 1: 90%
• Year 2: 90%
• Year 3: 90%
• Year 4: 90%
• Year 5: 90%
• Year 6: 0%
• Year 7: 90%
• Year 8: 90%
• Year 9: 90%
• Year 10: 0%

Taxing Unit Name: Port of Beaumont Authority
Taxing Unit Type: Participating Taxing unit
Property Type: No Response
Property Account: Unknown

Percent of Value Abated:

• Year 1: 90%
• Year 2: 90%
• Year 3: 90%
• Year 4: 90%
• Year 5: 90%
• Year 6: 90%
• Year 7: 90%
• Year 8: 90%
• Year 9: 90%
• Year 10: 0%

Taxing Unit Name: Jefferson City
Taxing Unit Type: Participating Taxing unit
Property Type: No Response
Property Account: Unknown

Percent of Value Abated:

• Year 1: 90%
• Year 2: 90%
• Year 3: 90%
• Year 4: 90%
• Year 5: 90%
• Year 6: 90%
• Year 7: 90%
• Year 8: 90%
• Year 9: 90%
• Year 10: 0%

Property Owner Information

Property Owner Name: Exxon Mobil Oil Corp
Property Account: Unknown
NAICS: Not Reported
Taxpayer ID:: Not Reported
Length of Abatement Term: 10

Economic Impacts Information

Impact Years: 2016 - 2017 - 2018 - 2019 - 2020 - 2021 - 2022 - 2023 - 2024 - 2025
Number of New FTEs/Year: 5 - 700 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0
Payroll Dollars Created: $0 - $18,200,000 - $0 - $0 - $0 - $0 - $0 - $0 - $0 - $0
Property Value Dollars Abated: $0 - $750,092 - $0 - $0 - $0 - $0 - $0 - $0 - $0 - $0

Additional Incentives Offered

Other Tax Incentives: No Response
Grants: No Response
Loans: No Response
Job Training Assistance: No Response
No Incentive Offered: No Response
Total Value of Incentives: No Response
Clawbacks: No Response

Modified Abatement Report

Executed Modification Date: Not Applicable
Effective Modification Date: Not Applicable
Reason for Modification: Not Applicable

Canceled Abatement Report

Executed Cancellation Date: Not Applicable
Effective Cancellation Date: Not Applicable
Reason for Cancellation: Not Applicable
Dollar Amount Given to Business: Not Applicable
ISD Name: Not Applicable
Taxing Unit Recapture: Not Applicable