Global Trade Alert
Global Trade Alert

United States of America/State of Texas: $115 million in investment incentives provided to ExxonMobil Corporation in the form of school tax abatements

Announcement

23 Sep 2013

A Texas state incentive program, which operates through the abatement of taxes imposed by school districts, aims to attract investment in the state.

 

 

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

23 Sep 2013

Revocation date:

23 Sep 2024

Updated: 23 Sep 2013
Tax or social insurance relief

The Texas Economic Development Act (Chapter 313 of the Tax Code) provides for the extension of investment incentives manufacturers and others through tax abatements. The law allows school districts...

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