Summary
San Antonio offers Tax Abatements or Rebates of up to 100% on real and/or personal property taxes on improvement values for a maximum term of up to 10 years.
San Antonio offers Tax Abatements or Rebates of up to 100% on real and/or personal property taxes on improvement values for a maximum term of up to 10 years. Abatement percentages and terms are based on job creation, wages, benefits offered, targeted industry and project location. A new company or an existing company may be eligible for a tax abatement if the project meets the following criteria:
- 100% of Full-Time Employees at the project site must be paid at least the Entry Wage of $17.50 per hour;
- At least 90% of Full-time Employees at the project site must be paid at least $20.54 per hour (80% of “Median Wage);
- Offer workers’ compensation coverage, as well as healthcare benefits package to all Full-Time Employees and their eligible dependents; and
- Additional terms and conditions may apply.
- Project must meet the respective Minimum Investment Levels and Minimum Job Creation Requirements to qualify for respective Tax Abatement Percentage.