Chapter 312 Abatement Reports

Abatement Basic Information

CAD Name: Tarrant CAD
Lead Taxing Unit: Arlington City
Reinvestment Zone Name: City of Arlington Reinvestment Zone #47
Abatement Status: Active
Property Owner Name(s): Texstars LLC
Employment Created: Y

Property Information

Property Type: Both
Business Activity: New Business
Business Type: Commercial/Industrial
Business Size: Medium
Physical Structure: New
New Construction: Y
Current Facility Renovation/Remodeling: No Response
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: 2021-03-23
Abatement Effective Date: 2022-01-01
Abatement Expiration Date: 2030-12-31
Base Value: $0

Abatement Percent/Year Information

Taxing Unit Name: Arlington City
Taxing Unit Type: Lead Taxing unit
Property Type: All Property
Property Account: 03686582

Percent of Value Abated:

• Year 1: 0%
• Year 2: 0%
• Year 3: 80%
• Year 4: 80%
• Year 5: 80%
• Year 6: 80%
• Year 7: 80%
• Year 8: 80%
• Year 9: 80%
• Year 10: 0%

Taxing Unit Name: Arlington City
Taxing Unit Type: Lead Taxing unit
Property Type: All Property
Property Account: 09261621

Percent of Value Abated:

• Year 1: 0%
• Year 2: 0%
• Year 3: 80%
• Year 4: 80%
• Year 5: 80%
• Year 6: 80%
• Year 7: 80%
• Year 8: 80%
• Year 9: 80%
• Year 10: 0%

Property Owner Information

Property Owner Name: Texstars LLC
Property Account: 03686582
NAICS: 325211
Taxpayer ID: 0
Length of Abatement Term: 7

Property Owner Name: Texstars LLC
Property Account: 09261621
NAICS: 325211
Taxpayer ID: 0
Length of Abatement Term: 7

Economic Impacts Information

Impact Years: 2022 - 2023 - 2024 - 2025 - 2026 - 2027 - 2028 - 2029 - 2030
Number of New FTEs/Year: 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0
Payroll Dollars Created: $0 - $0 - $0 - $0 - $0 - $0 - $0 - $0 - $0
Property Value Dollars Abated: $0 - $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: Y
Total Value of Incentives: No Response
Clawbacks: No Response

Modified Abatement Report

Executed Modification Date: Not Applicable
Effective Modification Date: 1/1/2024 12:00:00 AM
Reason for Modification: Amended tax year abatement to begin for tax year 2024 (beginning January 1, 2024) through and including tax year 2030 (beginning January 1, 2030).

Canceled Abatement Report

Executed Cancellation Date: Not Applicable
Effective Cancellation Date: Not Applicable
Reason for Cancellation: Amended tax year abatement to begin for tax year 2024 (beginning January 1, 2024) through and including tax year 2030 (beginning January 1, 2030).
Dollar Amount Given to Business: Not Applicable
ISD Name: Not Applicable
Taxing Unit Recapture: Not Applicable