GALVESTON

Operators of a planned offshore ammonia processing plant won’t pay property taxes to the county until 2032 but will pay about $2 million a year in lieu of taxes under an abatement agreement county commissioners approved Monday.

John Wayne Ferguson: 409-683-5226; john.ferguson@galvnews.com or on Twitter @johnwferguson.

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(6) comments

Bailey Jones

What would the company pay in taxes without the abatement?

DAVID MOSS

Great decision by the County, City of Texas City , TCISD and COM.

Michelle Aycoth

I think this is great for Texas City and Galveston County.

Andy Aycoth

Gary Miller

Where are the local NIMBIES on this?

Chuck DiFalco

I've been involved in drafting property tax abatement policy in Texas. This county deal seems weird. "[Plant owners] will pay about $2 million a year in lieu of taxes" Well then what is the money, Christmas gifts? It's still property tax, just at a discounted percentage, which should be clearly defined in the abatement document. “Conceptually, during a tax abatement, we’re not allowed to get anything up front” Who's not allowing you? The people in the mirror? A common way to do a property tax abatement is a stair step over a time period. For example, 80% abatement (discount) for the first 5 years, 50% for the next 5 years, and zero abatement after that.

DAVID MOSS

Great decision by the County, City of Texas City, TCISD, and COM. Will benefit our children and grandchildren

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