Expand to Texas, Keep more revenue
What is a Sales Tax Sharing Agreement?
A Sales Tax Sharing Agreement is a financial tool between a local government and your business where a portion of the sales tax revenue generated by your business is shared back to you.
Companies that generate significant sales tax revenue qualify. Once local expenses are met, additional revenue is made available for sharing agreements. The structure insures that the community and your company benefit.
How it benefits you
- Reduces Costs: Your business receives a portion of its sales tax back, lowering overall expenses.
- Increases Cash Flow: Rebated tax funds can be reinvested into operations, expansion, or hiring.
- Encourages Growth: Additional financial support helps your business scale more quickly.
- Long-Term Financial Stability: Ongoing rebates provide a predictable revenue boost over the agreement period.
Contact Midlothian Economic Development to find out how Sales Tax Sharing agreements can benefit you!
Call Us: 972-723-3800
