IMPLEMENTATION LEVEL

Subnational

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: No inception date

Tax or social insurance relief

Total Petrochemicals received a tax abatement agreement on 11 May 2015 from Jefferson County, Texas in support of its plans to invest $1.7 billion in a new natural gas processing unit at its existing Port Arthur site. The abatement would amount to a tax break from the county of 100 percent on the improvements for 10 years if the investment is $500 million or more. It is on a sliding scale, phasing down from 100 percent for the first two years to 60 percent in the sixth year.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.
 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

120 Crude petroleum & natural gas
2711 Petroleum gases and other gaseous hydrocarbons.
271111 Natural gas
271121 Natural gas
334 Petroleum gases & other gaseous hydrocarbons, except natural gas
2711 Petroleum gases and other gaseous hydrocarbons.
271112 Propane
271113 Butanes
271114 Ethylene, propylene, butylene and butadiene
271119 Other
271129 Other

Please report this page in case you detect an inaccuracy in its content.