Incentives for Business City of DeSoto DeSoto Chamber of Commerce Best Southwest Chamber Partnership Incentives to encourage business growth and development come in varied forms in DeSoto. Many incentives are a result of DeSoto's strategic location, market access, business climate, and the already low cost of doing business.
Tax abatement is another incentive.
Tax abatement may be allowed for up to ten years on new improvements, machinery and equipment. Inventory is not subject to abatement. The local governing bodies of the taxing entities may abate any percentage of new value up to 75 percent. The abatement process begins when an application is made by the business seeking the abatement to the City of DeSoto. The application identifies the applicant, property owner, provides a description of the project, the projects value of the eligible improvements, and the abatement requested.