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: 21 Mar 2017 | Removal date: open ended
Still in force

Tax or social insurance relief

On March 21, 2017 the Gregory-Portland School Board in the state of Texas approved tax abatements for more than 15 years, part of $460 million package of tax breaks sought from local governing bodies by Exxon Mobil and Saudi Basic Industries Corporation (SABIC) for a $10 billion petrochemical complex for the production of ethylene. One day earlier, San Patricio County Commissioners gave their approval for tax breaks. The project could be completed as soon as 2021 and is designed to refine Texas shale natural gas into chemicals and plastics for emerging markets such as China and India.

AFFECTED COUNTRIES

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AFFECTED SECTORS AND PRODUCTS

334 Petroleum gases & other gaseous hydrocarbons, except natural gas
2711 Petroleum gases and other gaseous hydrocarbons.
271114 Ethylene, propylene, butylene and butadiene

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