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Post Abatement Report Glossary
- A
- Abated Percent/Year:
- An abatement percentage agreed upon by each taxing unit (lead and participating) and the business for up to 10 years.
- Abated Property Type:
- The type of property to be abated: commercial/industrial, residential or both.
- Abatement Effective Date:
- Date when an abatement takes effect on the date when the agreement is signed or approved by the governing body, or any time afterwards as designated in the agreement.
- Abatement Expiration Date:
- Date when an abatement expires as identified in the agreement.
- Abatement Status:
- Indicates whether an abatement agreement is Active, Expired or Canceled. Active abatements may be assigned or modified abatements. An abatement that has expired or been canceled is considered an inactive abatement.
- Abatement Term (Years):
- The number of years the abatement is approved for with a maximum of 10 years identifying the state date, end date and all years in between while active.
- Abatement Execution Date:
- Date when an abatement is formally approved by majority vote of a governing body and/or when the abatement is signed by both parties (taxing unit and business).
- Abatement Expiration Date:
- Date when an abatement expires as identified in the agreement.
- Account Number:
- An ID number assigned by a Central Appraisal District (CAD) to each individual piece of property or individual lot to track the status and value or each of the properties.
- Authorized User Name:
- Name of the person submitting this document/record associated with the lead taxing unit, legally acknowledging the accuracy of this submission.
- B
- Base Value:
- Value of all property within a reinvestment zone at the time the abatement is executed.
- Business Activity:
- Reason the business entered the agreement: expansion, created new business, from out-of-state and locating in Texas or relocating within Texas.
- Business Type:
- The type of business receiving an abatement: commercial, hotel retail, energy, manufacturing, banking, industrial, medical, research or wholesale.
- Business Size:
- Size of business to receive the abatement: Micro (0-19), Small (20-99), Medium (100-499), Large (500+).
- C
- CAD Name:
- Name of the County Appraisal District (CAD) that submits reinvestment zone and abatement related documentation for taxing units engaged in the abatement process within their jurisdiction.
Cities and counties engaging in Chapter 312 projects should review all Comptroller forms carefully and provide complete and accurate information to the CADs. All information will be made public in real-time.
- Clawbacks:
- A contractual provision that requires a business receiving an abatement to return the taxing unit’s money already paid to them, sometimes with a penalty. Clawbacks act as a protection in the event of business not fulfilling the job, salary, capital investment and/or other requirements of the abatement agreement.
- Current Appraised Value of Formerly Abated Property
- This is the value of the property during the fiscal year for which you are filing this document. This dollar amount should be reflected in the first, second and third reports, respectively. (See Tax Code, Section 1.04(8).)
- Current Facility Renovation/Retooling:
- This is a type of improvement the business plans to do in the community. The renovation projects often improve the aesthetics of a commercial building, retrofits add new equipment, tech or building systems to improve the space.
- D
- Dollar Amount Given to Business:
- Total dollar amount given to a property owner/business that has received an abatement from the local taxing unit, for whatever period of time the business received an abatement.
- E
- Effective Cancellation Date:
- Date when a canceled abatement ends. The date is designated by order/ordinance of the lead taxing unit or specified in a legally submitted document from the business.
- Effective Modified Abatement Date:
- Date when a modified abatement takes effect, as designated in the agreement and approved by order/ordinance of the governing body.
- Executed Cancellation Date:
- Date when a canceled abatement is approved by order/ordinance of the governing body.
- Executed Modified Abatement Date:
- Date when a modified abatement is formally approved by majority vote of a governing body and/or when the abatement is signed by the taxing unit and business.
- Expired Modified Abatement Date:
- Date when the modified abatement expires as identified in the agreement. The term of the abatement on the designated piece of property cannot exceed 10 years.
- F
- Furniture/Fixture Purchase:
- This is a type of improvement the business plans to do in the community. Furniture, fixtures, and equipment (FF&E) are tangible assets not considered part of a building's structure. This is a commonly used fixed asset classification that is categorized as a long-term asset on an organization's balance sheet.
- G
- Grants Offered:
- A cash grant used as a financial incentive tool for projects that may offer significant job creation and capital investment.
- H – I
- ISD:
- An area which includes all the school districts (ISD or CISD) that are within the boundaries of a reinvestment zone with an abatement that a property owner/business canceled.
- J
- Job Training Assistance Offered:
- Any type of instruction to an individual to enable them to acquire vocational skills so that he/she can become employable or able to seek a higher grade of employment.
- K – L
- Lead Taxing Unit Name:
- The name of the taxing unit that created and approved the formation of the reinvestment zone as authorized by Tax Code Chapter 312.
- Lead Taxing Unit Type:
- Identifies the lead taxing unit as a city or county.
- Loans Offered:
- Loans that are flexible financing tools issued by local governments and are designated for activities to promote economic and neighborhood development for specific jurisdictions.
- M – N
- NAICS Code:
- The North American Industry Classification System (NAICS) classifies business establishments by type of economic activity.
- New Construction:
- This is an improvement the business plans to do in the community. This is real estate that has completely new improvements on the property instead of a renovation.
- New Machinery/Equipment Purchase:
- This is an improvement the business plans to do in the community. Tangible personal property used to improve real property, such as tools, machinery, implements, accessories, repair and replacement parts or any item that is rented or leased. Equipment includes all items that do not meet the definitions of consumable items or incorporated materials.
- No Assistance Offered:
- The lead taxing unit offers no additional economic development incentives.
- Number FTEs:
- Information reported regarding new full-time employees per year. This field may read as NR (No Response).
- O
- Other Incentives Offered:
- Other incentives are a part of the abatement agreement but do not include grants, loans, or job training assistance. If no information about incentives were provided by the CAD, then the field may read as NR (No Response).
- P
- Participating Taxing Units:
- The lead taxing unit, and other taxing units with jurisdiction, that agreed to provide an abatement over a specific property.
- Payroll Dollars Created:
- Information reported regarding new payroll dollars each year of the abatement and corresponds to the number of FTEs reported for that year. If no payroll dollars were provided by the CAD, then this field may read as NR (No Response).
- Physical Structure:
- Does the business receiving the abatement have a structure that is new or existing.
- Percent Total Ad Valorem Abatement Recaptured:
- If a business fails to meet the requirements of the written agreement for any given year, the local taxing unit can reclaim a percentage of the ad valorem tax money given as an abatement for that year.
- Previous ID
- An older record ID identified with the new record.
- Property Owner Name:
- Identifies the current owner.
- Property Type:
- The intended purpose of the property: Commercial/Industrial, Residential or Both.
- Property Value Dollars Abated:
- Estimated property value dollars created, including the total value abated on the property for each year of the agreement. If no response is given by the CAD, then a cell may read as NR (No Response).
- Q –
- R
- Reason for Cancellation:
- A business or the lead taxing unit can cancel the abatement at any point. Typically, cancellation happens if the business is bought out by some other business, plans to move to a different part of the country, fails to meet any of the abatement requirements or is unwilling to modify the requirements.
- Reason for Modification:
- A business receiving an abatement may seek to modify the agreement when they have made a good faith effort to comply with the abatement requirements but failed, or certain business conditions prevent them from meeting the requirements. These include long construction delays, supply chain delays and other possible issues.
- Record ID:
- A record ID is a record's unique identifier.
- Reinvestment Zone Name:
- The name of the zone as approved by city ordinance or county order. It must meet Comptroller naming guidelines.
- Reporting Year:
- The year for which the post abatement report is submitted.
- S –
- T
- Taxing Unit(s) Recaptured Dollar Amount:
- If a business fails to meet the requirements of the written agreement for any given year, the local taxing unit can reclaim a portion of the ad valorem tax money given as an abatement for that year.
- Taxpayer ID Number:
- An 11-digit number assigned to a company that wishes to conduct business in Texas. The number, assigned by the Comptroller of Public Accounts, is not the same as the Federal Employer Identification Number or the Texas Secretary of State (SOS) File Number.
- Title of Authorized User:
- Official or professional title of the person submitting this document/record associated with the lead taxing unit.
- Total Appraised Value of Property When Abatement Agreement Executed:
- This is the appraised value of the property at the time when the abatement agreement was signed/executed. Also known as the Base Value.
- Total Taxable Value of Formerly Abated Property:
- This dollar amount reflects the total taxable value of the formerly abated property for the fiscal year of the report. The total is determined by this equation: (Currently Appraised Value) – (Total Value of All Exemptions) = (Total Taxable Value).
- Total Value of All Exemptions of Formerly Abated Property:
- This is the dollar amount for the total value of all exemptions on the formerly abated property. This can entail one or more exemptions now in effect.
- Total Value of Incentives:
- Total dollar amount of any grants, loans, job training assistance and/or other incentives offered beyond the tax abatements.
- U –
- Z
- Zone Created By:
- The type of taxing unit that created and approved the reinvestment zone.
- Zone Creation/Execution Date:
- The date the local government approved the reinvestment zone.
- Zone Effective Date:
- The effective date is when the the zone takes effect or becomes operative and enforceable.
- Zone Expiration Date:
- The date when the reinvestment zone expires.
- Zone Redesignation Date:
- The date when the lead taxing unit renews an existing reinvestment zone for a new 5-year period.
- Zone Size (Acreage):
- Size of the created zone in terms of acreage within a defined boundary.
- Zone Status:
- Indication of whether a zone is active or inactive.
- Zone Type:
- The type of zone created and authorized by Tax Code Chapter 312, such as reinvestment or enterprise zone.
Need Help?
For additional information, contact the Data Analysis and Transparency Division via email or at 844-519-5672.