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Manufacturing companies can qualify for significant tax exemptions, including state sales and use tax exemptions available to taxpayers who manufacture, fabricate or process tangible property for sale. While many people travel to Marble Falls to take courses, workforce development is clearly a benefit. TOMBALL IS TRUE TO ITS ROOTS.
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The Polaris manufacturing facility will support core processes including vehicle assembly, chassis and body painting, welding, fabrication, and injection molding. NC’s Department of Transportation and rail owner NC Railroad Company were brought in to evaluate the situation and propose a solution.
SB 1128 builds upon the current sales tax exemption program administered by the California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) by including “advanced manufacturing” companies in industries such as biotechnology, computers, appliances, machinery, furniture, fabricated metals and transportation goods.
Uses: equipment costs, building and facilities, rent and utilities, travel, contractual services, salaries, and benefits, other operating and non-operating costs. 500 TAX CREDIT: Businesses may earn a $500 tax credit for adding new jobs in the production, assembly, fabrication, manufacturing or processing of natural resources.
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