CAMPUS EVENTS

NEWS

View All >>

NOTICE OF TAX REVENUE DECREASE FOR FY2020-21

BRAZOSPORT COLLEGE HAS ADOPTED A TAX RATE THAT WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR’S TAX RATE. THE OVERALL TAX RATE WILL EFFECTIVELY BE DECREASED BY 0.77 PERCENT AND WILL REDUCE TAXES FOR MAINTENANCE & OPERATIONS AND INTEREST & SINKING ON A $100,000 HOME BY APPROXIMATELY $2.31.

The Dow Chemical Company Tax Abatement Request

On April 13, 2021, the Commissioners’ Court of Brazoria County approved the request for tax abatement by The Dow Chemical Company for a term of seven (7) years at 100% abatement of eligible real and personal properties in the Dow Chemical Company’s Reinvestment Zone No. 21-02 at the Dow Plant A site, in Freeport, TX.

The Dow Chemical Company proposes to invest $157,000,000 and create 16 jobs in Brazoria County to construct a new Methylene Diphenyl Diioscyanate (MDI) separation plant that will produce a range of chemical derivatives products. Isocyanates are used to produce flexible, rigid, and molded foams that serve a wide variety of societal needs such as mattresses, carpet backing, footwear, adhesives, sealants, coatings and much more.

The project anticipates 35 construction jobs at the start of construction, 270 construction jobs at the peak, and will finish the project with 100 construction jobs. Dow has considered other counties within Texas and locations in Louisiana for constructing this new plant.

The Brazosport College Tax Abatement Review Committee (TARC) met with representatives from The Dow Chemical Company to discuss their tax abatement application on April 13, 2021 and determined that the request met the requirements included in the Brazosport College tax abatement guidelines.

The Dow Chemical Company application will be on the May 17, 2021 Board of Regents meeting agenda for consideration of approval.