Industrial Revenue Bonds Texas

The state of texas industrial revenue bond program irb is designed to provide tax exempt or taxable financing for eligible industrial or manufacturing projects as defined in the development corporation act of 1979.

Industrial revenue bonds texas. The state of texas industrial revenue bond program irb is designed. Desarrollo económico de texas p o. An industrial revenue bond irb is a variety of pab one issued by the state or local government on behalf of a for profit company. As an edward jones client.

Industrial revenue bonds category. The state of texas industrial revenue bond program irb provides tax exempt or taxable financing for eligible industrial or manufacturing projects as defined in the development corporation act of 1979. Industrial revenue bonds irbs provide a source of tax exempt or taxable bond finance for projects involving significant private activity that promote new and existing businesses encourage employment and expand the tax base of a community. An industrial development revenue bond does not require a public vote and.

To finance the construction or renovation of an industrial building a city or county may issue industrial revenue bonds irbs for a private business. As such the bonds do not constitute debts of or obligations of the sponsoring governmental unit the idc or the state of texas except for sales tax bonds there are several types of irbs available. These projects typically involve significant private activity. The private entity may transfer ownership of the property to the city or county for the length of the bond and lease the property from the city or county.

Issued to finance land and depreciable property for manufacturing facilities. Careers site map feedback privacy ad choices revenue sharing disclosures. Tax exempt industrial revenue bonds for manufacturing projects. Tx state programs industrial revenue bonds irbs provide a source of tax exempt or taxable bond finance for projects involving significant private activity that promote new and existing businesses encourage employment and expand the tax base of a community.

The municipality s aim is to improve the economic and employment. The bond issue is sponsored by a government entity but the proceeds are directed to a private for profit business.