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Board Reviews Formosa JETI Tax Limitation Request

Sealy Independent School District
Document date
May 21, 2025

The 30-second brief

What it covers

Sealy ISD reviewed an application from Formosa Plastics Corporation, Texas for a JETI Act agreement that would limit taxable value for maintenance and operations taxes for 10 years following a three-year construction period. The board discussed but did not finalize any contract at this meeting.

Who holds it

Formosa Plastics Corporation Texas holds this financial services contract with Sealy Independent School District. Its other public contracts on record include work for Calhoun County and Texas Commission on Environmental Quality.

What happens next

Term as filed: 50% taxable value limitation for 10 years after 3-year construction period.

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Contract details

Contract type
Financial Services
Document date
May 21, 2025
Term
50% taxable value limitation for 10 years after 3-year construction period
Vendor
Formosa Plastics Corporation Texas
Agency
Sealy Independent School District
Source document
sealy_isd_board_of_trustees_regular_meeting_minute.pdf (Minutes)

Formosa Plastics Corporation Texas's other public contracts

Calhoun County, TexasCounty Considers Enterprise Zone Nomination for Formosa · May 4, 2026UndisclosedTexas Commission on Environmental Quality, TexasFormosa Plastics Corporation Penalized for Air Quality Violations · Mar 20, 2026UndisclosedPalacios Isd, TexasTaxable Value Limitation Agreement with Formosa Plastics · Oct 13, 2025UndisclosedCalhoun County Isd, TexasCCISD Accepts Home Donation From Formosa Plastics · Sep 15, 2025UndisclosedSealy Independent School District, TexasFormosa Plastics JETI Tax Limitation Considered · May 21, 2025UndisclosedAll Formosa Plastics Corporation Texas contractsVendor profile

More Sealy Independent School District contracts

Hailiang Copper Texas IncSealy ISD to Consider Hailiang Copper Tax Agreement Amendment · Sep 27, 2026UndisclosedRfs SportsSealy ISD to Consider Final Payment to RFS Sports · Sep 27, 2026UndisclosedVital LinkBoard to Consider Donation from Vital Link · Aug 26, 2026UndisclosedWoodmen LifeSealy ISD to Accept Donation from Woodmen Life · Aug 26, 2026UndisclosedNecker, Bobbie & Lyn SieBoard to Accept Donation from Bobbie & Lynsie Necker · Aug 26, 2026UndisclosedAll Sealy Independent School District activityAgency profile

Questions about this contract

Who was awarded the financial services contract by Sealy Independent School District?

Formosa Plastics Corporation Texas was awarded this financial services contract by Sealy Independent School District, as recorded on May 21, 2025.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in sealy_isd_board_of_trustees_regular_meeting_minute.pdf (Minutes), dated May 21, 2025 from Sealy Independent School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Formosa Plastics Corporation Texas hold?

Formosa Plastics Corporation Texas may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Sealy Independent School District currently buying?

Explore Sealy Independent School District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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