The funds can be used for land, building, equipment and machinery. 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.