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$9 Million Tax Abatement Agreement with Samsung Approved

City of Taylor logoCity of Taylor
Disclosed value
$9,000,000.00
From agenda
Document date
Oct 23, 2025
Term
30 years

The 30-second brief

What it covers

The City of Taylor and Samsung Austin Semiconductor LLC have entered into a Tax Abatement Agreement with a repayment amount not to exceed Nine Million U.S. Dollars if Developer meets the Equipment Threshold and Five Million U.S. Dollars if Developer does not meet the Equipment Threshold.

Who holds it

Samsung Austin Semiconductor holds this tax abatement agreement contract with City of Taylor.

What happens next

Term as filed: 30 years.

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Contract details

Contract type
Tax Abatement Agreement
Amount
$9,000,000.00
Document date
October 23, 2025
Term
30 years
Vendor
Samsung Austin Semiconductor
Agency
City of Taylor
Source document
tif_zone_2_board_meeting_agenda_oct_2025.pdf (Agenda)

Samsung Austin Semiconductor's other public contracts

City of Taylor, TexasSamsung Austin tax abatement on the table · Oct 23, 2025UndisclosedCity of Taylor, TexasSamsung Austin Semiconductor LLC Tax Abatement Agreement · Oct 23, 2025UndisclosedCity of Taylor, TexasSamsung Final Plat Approved for Semiconductor Expansion · Sep 25, 2025UndisclosedCity of Taylor, TexasSamsung Continues to Receive TIRZ Tax Incentives · Aug 11, 2025City of Taylor, TexasSamsung gets tax break extension for improvements. · Jun 12, 2025UndisclosedAll Samsung Austin Semiconductor contractsVendor profile

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Questions about this contract

Who was awarded the tax abatement agreement contract by City of Taylor?

Samsung Austin Semiconductor was awarded this tax abatement agreement contract by City of Taylor, as recorded on October 23, 2025. The contract value is $9,000,000.00.

How much is the Samsung Austin Semiconductor contract with City of Taylor worth?

The Samsung Austin Semiconductor contract with City of Taylor is valued at $9,000,000.00, covering tax abatement agreement work.

What type of contract is this?

This is a Tax Abatement Agreement contract, documented as a agenda record.

Where was this contract approved?

This contract appears in tif_zone_2_board_meeting_agenda_oct_2025.pdf (Agenda), dated October 23, 2025 from City of Taylor. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Samsung Austin Semiconductor hold?

Samsung Austin Semiconductor may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of Taylor currently buying?

Explore City of Taylor's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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