Ebrochure Georgetown_Flyer View Doc | Page 24

24 STATE SALES AND USE TAX EXEMPTION Texas businesses may be exempt from paying state sales tax on the purchase of manufacturing machinery and equipment, on equipment and other expenses for Data Centers reaching certain thresholds, and on natural gas and electricity for companies using these resources in creating tangible personal property. AD VELORUM/PROPERTY TAX EXEMPTION A facility that receives a determination from the Texas Commission on Environment Quality (TCEQ) that property is for pollution control purposes may qualify for exemption of property taxation. The intent is to ensure that compliance with environmental mandates, through capital investments, do not result in an increase in a facility’s property taxes. PERMIT ASSISTANCE TCEQ and the Office of the Governor Economic Development & Tourism division have established a relationship to assist companies which may experience unwarranted delays in their environmental permitting process for projects that could affect job creation or have a high economic impact. IN˜STATE TUITION FOR EMPLOYEES The Economic Development and Diversification In-State Tuition incentive allows employees and family members of the qualified businesses to pay in-state tuition fees if the individual files with a Texas institution of higher education. CANCER PREVENTION & RESEARCH INSTITUTE OF TEXAS GRANT (CPRIT) CPRIT offers several funding opportunities for promising cancer research, product development, and prevention programs. http://www.cprit.state.tx.us/funding-opportunities/