City of College Station

Economic Development Summary

Entity Name: City of College Station

Type of Entity: City

Most recently completed fiscal year for which data is available: FY2023 (10/01/2022 – 09/30/2023)

Number of tax abatements granted in the most recently completed fiscal year: No tax abatements were granted or active in FY2023. 

Total estimated taxes abated in year one of agreements: Not applicable as no tax abatement agreements were approved in FY2023.

Total estimated taxes abated in year 1 of the agreements expressed as a per capita amount: Not applicable as no tax abatement agreements were approved in FY2023.

Source and year for population figures used in per capita calculations: Not applicable as no tax abatement agreements were approved in FY2023.

Estimated taxes abated for life of agreements: Not applicable as no tax abatement agreements were approved in FY2023.

Number of jobs created/retained by agreements to date (up to last day of most recently completed fiscal year): Not applicable as no tax abatement agreements were approved in FY2023.

Total capital investment received for agreements to date (up to last day of most recently completed fiscal year): Not applicable as no tax abatement agreements were approved in FY2023.

---

Narrative of Economic Development Summary

The City of College Station does, on a case-by-case basis, consider economic development incentives such as fast-tracked review and permitting process, City-initiated entitlements, performance-based grants, and tax abatement agreements as stimulus for development or redevelopment in College Station. Financial incentive agreements, including Economic Development Agreements, Tax Abatement Agreements, and Chapter 380 Agreements are subject to approval by the City Council.

Chapter 312 of the Texas Tax Code authorizes Texas municipalities to offer tax abatement, reduction, or reimbursement incentives on new added value for a defined period of time. The City of College Station had no tax abatement agreements approved or active in FY2023.

Chapter 380 of the Texas Local Government Code authorizes Texas municipalities to offer tax grants, performance grants or redevelopment grants to incent development and redevelopment. The City of College Station had seven (7) active Chapter 380 agreements in FY2023.

Visualizations
Number of tax abatement granted for previous 5 fiscal years (Downloadable Data)
Amount of Taxes abatement in previous 5 fiscal years (Downloadable Data)

Documents
Tax Abatement Agreements (0)
Chapter 380 Agreements (7)

Downloadable Data
Tax Abatement Agreements (Active) (Downloadable Data)
Chapter 380 Agreements (Active) (Downloadable Data)

Other Information

GASB Statement 77 
Other economic development activity documents:

Economic Development Master Plan
Incentive Guidelines

Comptroller EDC Report search tool