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Glenn Hegar
Texas Comptroller of Public Accounts
Glenn Hegar
Texas Comptroller of Public Accounts
Glenn Hegar
Texas Comptroller of Public Accounts

Comptroller’s Online Chapter 380-381 Economic Development Agreements Database

Note: For agreements that do not have a set expiration date, the expiration date will show as 12/31/2078. All information has been provided by local governments. Only agreements that are or were active as of Sept. 1, 2021, when HB 2402 went into effect or agreements that have been entered into, amended or renewed since then are required to be reported to the database.

Taylor

Chapter 380-381 economic development agreement information as reported to the Comptroller by this entity.

About This Local Government

Local government type: City
Local government code: 0006142
Type of agreement: Amend

Record filed: 08/16/2022 03:51


Address of Local Government

Address
400 Porter Street
Taylor, TX 76574


Contact information for officer/other person representing the local government

Brian LaBorde
City Manager
512-352-3677 
dianna.mclean@taylortx.gov


Entity Information

Samsung Austin Semiconductor, LLC


Agreement Information

Effective Date of Agreement: 11/29/2021
Expiration Date of Agreement: 12/31/2054
Counties that the agreement affects: Williamson


Agreement Information

Agreement Number: 0006142

Purpose of Agreement

Establishes a TIRZ, Annual Grants (property tax reimbursement/abatement) of 92.5% for years 1-10, 90% for years 11-20, 85% for years 21-30. Waiver of permit fees, tax abatement shortfall grants, a Development Review Reimbursement Agreement. Company must maintain employment of 1800, provide an annual civic donation of $150,000 to the City and $150,000 to charitable purposes.


Copy of the agreement
Previous Agreement Number: 0001923

Contact information for person submitting agreement to database

Jeffrey B. Wood
Chief Financial Officer
512-309-6168 
jeffrey.wood@taylortx.gov