Rural Investment Tax Credits
| In 1999, the Texas Legislature passed in SB 441, a franchise tax credit for qualified investments in strategic areas. Rural counties and communities meet this definition for agricultural processing investments. The legislation was passed to encourage investment in these areas. A franchise tax credit is available for agricultural processing investments in counties of less than 50,000 population, which applies to Moore County. A tax credit of an amount equal to 7.5% of the project investment will be given to the company in equal amounts over a five-year period. The credit may not exceed 50% of the franchise tax due. Check Out Other Incentives: |
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