Chapter 312 Abatement Reports

Abatement Basic Information

CAD Name: Jefferson CAD
Lead Taxing Unit: Jefferson County
Reinvestment Zone Name: Golden Triangle Storage 2023
Abatement Status: Active
Property Owner Name(s): Golden Triangle Storage LLC
Employment Created: Y

Property Information

Property Type: Real
Business Activity: A New Business
Business Type: Industrial/Commercial
Business Size: Micro (0-19)
Physical Structure: New
New Construction: Y
Current Facility Renovation/Remodeling: N
Current Facility Retooling/Upgrading: N
Furniture/Fixture Purchase: N
New Machinery/Equipment Purchase: N

New Abatement Execution, Effective, and Expiration Dates

Abatement Execution Date: 2023-09-19
Abatement Effective Date: 2028-01-01
Abatement Expiration Date: 2037-12-31
Base Value: $0

Abatement Percent/Year Information

Taxing Unit Name: Jefferson County
Taxing Unit Type: Lead Taxing unit
Property Type: Real Property
Property Account: 0

Percent of Value Abated:

• Year 1: 85%
• Year 2: 85%
• Year 3: 85%
• Year 4: 85%
• Year 5: 85%
• Year 6: 85%
• Year 7: 85%
• Year 8: 85%
• Year 9: 85%
• Year 10: 85%

Taxing Unit Name: Sabine Neches Navigation District
Taxing Unit Type: Participating Taxing Unit
Property Type: Real Property
Property Account: 0

Percent of Value Abated:

• Year 1: 85%
• Year 2: 85%
• Year 3: 85%
• Year 4: 85%
• Year 5: 85%
• Year 6: 85%
• Year 7: 85%
• Year 8: 85%
• Year 9: 85%
• Year 10: 85%

Taxing Unit Name: PORT OF BEAUMONT NAVIGATION DISTRICT
Taxing Unit Type: Participating Taxing Unit
Property Type: Real Property
Property Account: 0

Percent of Value Abated:

• Year 1: 85%
• Year 2: 85%
• Year 3: 85%
• Year 4: 85%
• Year 5: 85%
• Year 6: 85%
• Year 7: 85%
• Year 8: 85%
• Year 9: 85%
• Year 10: 85%

Property Owner Information

Property Owner Name: Golden Triangle Storage LLC
Property Account: 0
NAICS: 486000
Taxpayer ID: 0
Length of Abatement Term: 10

Economic Impacts Information

Impact Years: 2028 - 2029 - 2030 - 2031 - 2032 - 2033 - 2034 - 2035 - 2036 - 2037
Number of New FTEs/Year: 1 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0
Payroll Dollars Created: $65,000 - $0 - $0 - $0 - $0 - $0 - $0 - $0 - $0 - $0
Property Value Dollars Abated: $17,850,000 - $16,858,333 - $15,866,667 - $14,875,000 - $13,883,333 - $12,891,667 - $11,900,000 - $10,908,333 - $9,916,667 - $8,925,000

Additional Incentives Offered

Other Tax Incentives: N
Grants: N
Loans: N
Job Training Assistance: N
No Incentive Offered: Y
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