Tax & Incentives

Potential Incentives

• Renewal Community
• Industrial Districts
• Enterprise Zones
• Foreign Trade Zone 122
• Property Tax Phase-ins/Abatements
• Single Freeport Exemption
• Corpus Christi 4(A) Fund

State Franchise Tax: .

25% of surplus or 4.5% of taxable income. Texas will be replacing its franchise tax with a Margins Tax.

Margins Tax

1% on gross receipts less compensation or cost of goods sold. Retailers and wholesalers will have a rate of .5% and sole proprietorships and general partnerships are exempt.

Texas has no personal income tax. Source:

Texas Comptroller’s Office