The Abatement RegisterAngelinaAgreement 0004787
Texas Chapter 380 / 381 agreement · Angelina

Gattefosse Corporation, doing business as Gattefosse USA

Agreement 0004787, filed with the Texas Comptroller by Angelina County.

$20,000,000.00committed capital investment
100%of additional value of the Real and Personal Property improvements abated
June 30, 2024performance deadline
The obligation

What the contract requires.

“investment and construction being commenced no later than October 1, 2022 and being completed no later than June 30, 2024.”Executed agreement, p. 2
“expects to invest a minimum of $20,000,000.00 in improvements and manufacturing equipment”Executed agreement, p. 1
The repayment remedy

What happens if it is not met.

“If during the Abatement Term the Owner/Grantee permanently ceases operation in Angelina County, Texas, then the County shall be entitled to recapture ONE HUNDRED PERCENT (100%) of the taxes abated in prior years”Executed agreement, p. 5

Where a deadline above has passed, no public record exists of whether it was met — not in the Comptroller’s filings, nor in the local government’s own disclosures. That is not evidence of non-compliance. Texas requires nobody to record it.

Abatement schedule · additional value of the Real and Personal Property improvements · p. 4

What was abated, and for how long.

100%Year One (2022)
100%Year Two (2023)
100%Year Three (2024)
100%Year Four (2025)
100%Year Five (2026)
100%Year Six (2027)
100%Year Seven (2028)
100%Year Eight (2029)
100%Year Nine (2030)
100%Year Ten (2031)

A local abatement waives only that taxing unit’s share of the property tax bill. School districts, counties, cities and hospital districts each sign separately.

Every field, as the contract states it

The record.

FieldValue & quoted sourcePage
Granting bodyAngelina CountyTAX ABATEMENT AGREEMENT BETWEEN ANGELINA COUNTY AND GATTEFOSSE USA1
Contracting entityGattefosse Corporation, doing business as Gattefosse USAGattefosse Corporation, doing business as Gattefosse USA, a North American Affilate of Gattefosse Holding, a French corporation (‘““Owner/Grantee”).1
Parent / guarantorGattefosse Holding, a French corporationGattefosse Corporation, doing business as Gattefosse USA, a North American Affilate of Gattefosse Holding, a French corporation (‘““Owner/Grantee”).1
InstrumentTax Abatement AgreementTAX ABATEMENT AGREEMENT1
Governing chapterChapter 312, Tax Code (property tax abatement)RECITALS WHEREAS, County has established and adopted Tax Abatement Guidelines, which govern tax abatement agreements made by the County in accordance with the provisions and requirements of Chapter 312 of the Texas Tax Code;—
Capital investment$20,000,000.00expects to invest a minimum of $20,000,000.00 in improvements and manufacturing equipment1
Grant or incentiveNot stated in the agreement—
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footageNot stated in the agreement—
Acreage15.23 acresa tract or parcel of land containing 15.23 acres, more or less2
Performance deadlineJune 30, 2024investment and construction being commenced no later than October 1, 2022 and being completed no later than June 30, 2024.2
ExpirationDecember 31, 2031b. The period of the abatement will be ten (10) years, commencing on January I, 2022 (the “Commencement Date”) and expiring on December 31, 2031 (the “Abatement Term”).4
Effective dateMay 11, 2021EXECUTED the | | day of May 2021.8
SignatoryEric BrunEric Brun President & CEO8
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
How to check this page

Every line above is in the contract.

Agreement 0004787 is filed with the Texas Comptroller. Pull the PDF, go to the page number beside any row, and read the sentence. If a figure here does not match the document, tell me and it is corrected the same day.

Where the contract says nothing, the field is left empty rather than filled with a guess.

One of 1,645

Which of these are on your book?

This is a single agreement. I have read 1,645 of the 4,428 Texas has filed, resolved which have been superseded, and recorded what each commits a company to.

Send me an entity and a county and I will tell you what is on it — quoted, page-cited, checked. Free for the first one.

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