IRB's are issued through ED corps. Additional local incentives are awarded based on an Economic Impact Analysis. Texas levies an annual franchise tax on corporations having a Texas charter or Certificate of Authority to do business in Texas. A tax of 6.25 percent is imposed on every retail sale of a taxable boat or boat motor sold in Texas. Property taxes are local taxes.
Local officials assess property value, set tax rates and collect the taxes.
There is a tax imposed on a person who manufactures or produces cement in, or imports cement into the state. There is a tax imposed on anyone in the business of providing certain well services and who owns, controls or furnishes the tools, instruments and equipment used in providing the well service. A tax is imposed on each utility company located in an incorporated city or town having a population of more than 1,000 according to the last census.