Current Tax Abatement Program Guidelines

Resolution No. 58-2025 Adopting Tax Abatement Program Guidelines

1. The City of Wichita Falls, Texas, declares it is eligible for and intends to participate in a Tax Abatement Program.

2. The City of Wichita Falls, Texas, hereby establishes the following Guidelines and Criteria for Tax Abatement for use in the City's Heart of the Falls.

1) The City Council of the City of Wichita Falls shall have the right, granted under Texas statutes, to approve or disapprove the creation of any recommended Tax Reinvestment Zone.

2) The Tax Reinvestment Zone must be reasonably likely to contribute to the retention or expansion of primary employment, or attract significant capital investment, or develop, redevelop a structure (s) that will benefit the City's economic and social well-being.

3) The Tax Reinvestment Zone authorization granted by the City Council must meet all criteria established by the authorizing legislation.

4) The Tax Reinvestment Zone must not require extraordinary capital improvement financing by the City.