{"id":11717,"date":"2021-09-07T14:04:10","date_gmt":"2021-09-07T18:04:10","guid":{"rendered":"https:\/\/www.technewsday.com\/?p=11717"},"modified":"2021-09-08T08:39:05","modified_gmt":"2021-09-08T12:39:05","slug":"texas-city-offers-samsung-huge-tax-break-to-build-plant","status":"publish","type":"post","link":"https:\/\/technewsday.com\/staging\/texas-city-offers-samsung-huge-tax-break-to-build-plant\/","title":{"rendered":"Texas City Offers Samsung Huge Tax Break to Build Plant"},"content":{"rendered":"\n<p>Taylor, Texas &#8211; one of two locations in the Lonestar state currently being considered by Samsung Electronics for a $17 billion chip plant &#8211; plans to offer huge property tax breaks if the South Korean technology giant opts to choose them.<\/p>\n\n\n\n<p>Taylor is competing with Austin, Texas, for the plant and the 1,800 new jobs it would create. <\/p>\n\n\n\n<p>A proposal on the city&#8217;s website states that Samsung would be provided with a grant equivalent to 92.5% of the estimated property tax for the first 10 years, 90% for the next 10 years and then 85% for 10 years after that.<\/p>\n\n\n\n<p>Other proposed benefits include a 92.5% tax waiver on new properties built on the site for 10 years and development costs being repaid.<\/p>\n\n\n\n<p>Taylor City Council and Williamson County will meet to review the proposal on Wednesday<\/p>\n\n\n\n<p>Should Samsung choose Taylor, the company plans to break ground in the first quarter of 2022, with production anticipated to begin in late 2024.<\/p>\n\n\n<p>For more information, view the <a href=\"https:\/\/www.reuters.com\/technology\/texas-city-offer-samsung-large-property-tax-breaks-build-17-bln-chip-plant-2021-09-06\/\" target=\"_blank\" rel=\"noopener\">original story<\/a> from Reuters.<\/p>","protected":false},"excerpt":{"rendered":"<p>Taylor, Texas plans to offer huge property tax breaks if Samsung opts to choose them for their $17 billion chip plant.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9],"tags":[72],"class_list":["post-11717","post","type-post","status-publish","format-standard","hentry","category-todays-news","tag-samsung"],"acf":[],"_links":{"self":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/11717","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/comments?post=11717"}],"version-history":[{"count":3,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/11717\/revisions"}],"predecessor-version":[{"id":11749,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/11717\/revisions\/11749"}],"wp:attachment":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/media?parent=11717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/categories?post=11717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/tags?post=11717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}