Tax Abatement
A tax abatement is the full or partial exemption from ad valorem taxes on the value added to real property or new business personal property for a period of up to ten years and an amount of up to 90%. Specific levels of abatement will be determined by the size, scope and location of the project. Eligible properties must be located in a reinvestment zone and all agreements must be approved by City Council.
The following table will provide an overview of the investment and job creation required to reach certain incentive levels, however the actula percentage of taxes abated and the duration of the abatement may vary based on a determination by the City Council.
Target Areas:
Centre Arlington/Downtown
|
Level |
Investment |
Jobs |
Max |
Yrs |
|
1 |
$50,000 |
|
50% |
2 |
|
2 |
$100,000 |
|
80% |
3 |
Great Southwest
|
Level |
Investment |
Jobs |
Max |
Yrs |
|
1 |
$500,000 |
25-49 |
25% |
5 |
|
2 |
$2,500,000 |
50-100 |
35% |
5 |
|
3 |
$10,000,000 |
101-250 |
50% |
7 |
|
4 |
$15,000,000 |
251-499 |
65% |
7 |
|
5 |
$30,000,000 |
500+ |
90% negotiable |
10 |
I-20 Corridor
|
Level |
Investment |
Jobs |
Max |
Yrs |
|
1 |
$2,500,000 |
25-49 |
25% |
5 |
|
2 |
$5,000,000 |
50-100 |
35% |
5 |
|
3 |
$10,000,000 |
101-250 |
45% |
7 |
|
4 |
$15,000,000 |
251-499 |
55% |
7 |
|
5 |
$30,000,000 |
500+ |
90% negotiable |
10 |
Entertainment District
|
Level |
Investment |
Jobs |
Max |
Yrs |
|
1 |
$5,000,000 |
101-250 |
45% |
5 |
|
2 |
$10,000,000 |
251-499 |
55% |
5 |
|
3 |
$30,000,000 |
500+ |
90% |
10 |
Other Areas of the City
|
Level |
Investment |
Jobs |
Max |
Yrs |
|
1 |
$1,000,000 |
5-49 |
20% |
5 |
|
2 |
$5,000,000 |
50-100 |
30% |
5 |
|
3 |
$10,000,000 |
101-250 |
40% |
7 |
|
4 |
$30,000,000 |
251-499 |
90% |
10 |
Business Expansion Projects in CDBG eligible areas
|
Level |
Investment |
Jobs |
Max |
Yrs |
|
1 |
$250,000 |
25-49 |
20% |
5 |
|
2 |
$500,000 |
50-100 |
50% |
5 |
|
3 |
$1,000,000 |
101-200 |
50% |
7 |
|
4 |
$5,000,000 |
200+ |
65% |
7 |
Bonus Abatement and Conditions:
Bonus Category: Wages 10% Real or BPP
The median wage of persons employed at the site of the project in the City of Arlington exceed the City's median wage
Bonus Category: Arlington and/or Certified Minority/Women-Owned Contractors 10% Real or BPP
Must show Arlington Contractors and/or Certified Minority/Women-Owned Contractors are utilized for a minimum of 30% of the total costs for the project's Construction, Supply and Service Expenses
Bonus Category: Target Industry 10% Real or BPP
Primary NAICS code of the firm must be defined as a Target Industry
CLICK THE LINKS BELOW FOR MORE INFORMATION:
Tax Abatement Guidelines
Target Industries
Centre Arlington Map
Great Southwest Map
I-20 Corridor Map
Entertainment District Map
CDBG Eligible Areas
Application for Tax Incentives