City Amends Tax Abatement and Incentive Plan for Samsung
City of TaylorCity · Taylor, TX- Disclosed value
- Up to $801,362,920 in Annual Grants plus up to $10,000,000 in Development Review Costs repayments (subject to Maximum DRRA Payment Amounts)
- From resolution
- Document date
- Oct 23, 2025
- Renews
- Free account
The 30-second brief
The Board for Tax Increment Reinvestment Zone No. Two approved an amended project and financing plan and the First Amendment to the Tax Abatement Agreement with Samsung Austin Semiconductor LLC, providing long-term property tax rebates and reimbursement of development review costs. Over a thirty-year term, Samsung will receive annual grants based on a high percentage of City real property taxes generated in the zone, along with capped repayments of up to $9 million or $5 million in review costs depending on equipment investment thresholds, all within a TIRZ structure set to run through 2054.
Samsung Austin Semiconductor LLC holds this financial services contract with City of Taylor. Its other public contracts on record include work for City of Austin city.
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Contract details
- Contract type
- Financial Services
- Amount
- Up to $801,362,920 in Annual Grants plus up to $10,000,000 in Development Review Costs repayments (subject to Maximum DRRA Payment Amounts)
- Document date
- October 23, 2025
- Term
- Thirty (30) Annual Grants over Grant Years 1–30; DRRA Payments from the 6th to the 30th anniversary of the Commencement Date; Zone duration through December 31, 2054
- Renews
- Free account
- Agency
- City of Taylor
- Source document
- resolution_r25_22_tax_increment_reinvestment_zone.pdf (Resolution)
Samsung Austin Semiconductor LLC's other public contracts
More City of Taylor contracts
Questions about this contract
Who was awarded the financial services contract by City of Taylor?
Samsung Austin Semiconductor LLC was awarded this financial services contract by City of Taylor, as recorded on October 23, 2025. The contract value is Up to $801,362,920 in Annual Grants plus up to $10,000,000 in Development Review Costs repayments (subject to Maximum DRRA Payment Amounts).
How much is the Samsung Austin Semiconductor LLC contract with City of Taylor worth?
The Samsung Austin Semiconductor LLC contract with City of Taylor is valued at Up to $801,362,920 in Annual Grants plus up to $10,000,000 in Development Review Costs repayments (subject to Maximum DRRA Payment Amounts), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a resolution record.
Where was this contract approved?
This contract appears in resolution_r25_22_tax_increment_reinvestment_zone.pdf (Resolution), 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 LLC hold?
Samsung Austin Semiconductor LLC 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.