The Abatement RegisterBexarAgreement 0009600
Texas Chapter 380 / 381 agreement · Bexar

TOYOTA MOTOR MANUFACTURING, TEXAS, INC.

Agreement 0009600, filed with the Texas Comptroller by COUNTY OF BEXAR.

$531,720,000.00committed capital investment
$250,000.00grant or incentive
100%of Real Property Improvements and new Personal Property abated
December 31, 2028performance deadline
The obligation

What the contract requires.

“such investments must be completed by December 31, 2028.”Executed agreement, p. 8
“create Four Hundred Eleven (411) “New Full-Time Jobs” over the next four (4) years”Executed agreement, p. 1
“plans to invest Five Hundred Thirty-One Million Seven Hundred Twenty Thousand Dollars ($531,720,000.00) in the real and personal property”Executed agreement, p. 1
The repayment remedy

What happens if it is not met.

“In addition, if this Agreement is terminated, COMPANY agrees to repay to COUNTY all, or a portion, of ad valorem taxes previously abated hereunder”Executed agreement, p. 13

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 · Real Property Improvements and new Personal Property · p. 5

What was abated, and for how long.

100%10 years

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 bodyCOUNTY OF BEXARCOUNTY OF BEXAR AND TOYOTA MOTOR MANUFACTURING, TEXAS, INC.1
Contracting entityTOYOTA MOTOR MANUFACTURING, TEXAS, INC.COUNTY OF BEXAR AND TOYOTA MOTOR MANUFACTURING, TEXAS, INC.1
Parent / guarantorToyota Motor North America, Inc.Toyota Motor North America, Inc. Attention: Greg Gunderson, Tax Director & Tax Counsel15
InstrumentTAX ABATEMENT AND GRANT AGREEMENTThis TAX ABATEMENT AND GRANT AGREEMENT (“Agreement”) is entered into by and between THE COUNTY OF BEXAR1
Governing chapterChapter 312, Tax Code, and Chapter 381, Local Government CodeReinvestment Zone (the “Zone”), as authorized by the Texas Property Redevelopment and Tax Abatement Act (Texas Tax Code Chapter 312), and the Property (defined below) is located within the Zone;—
Capital investment$531,720,000.00plans to invest Five Hundred Thirty-One Million Seven Hundred Twenty Thousand Dollars ($531,720,000.00) in the real and personal property1
Grant or incentive$250,000.00COUNTY will also provide COMPANY with a grant, pursuant to Chapter 381.004, of up to Two Hundred Fifty Thousand Dollars ($250,000.00)2
Jobs committed411 recital language, not a covenantcreate Four Hundred Eleven (411) “New Full-Time Jobs” over the next four (4) years1
Wage requirement$16.20 per hourone hundred percent (100%) of all Employment Positions shall be paid a minimum wage, not including benefits, of at least sixteen dollars twenty cents ($16.20) per hour.9
Square footageNot stated in the agreement—
AcreageNot stated in the agreement—
Performance deadlineDecember 31, 2028such investments must be completed by December 31, 2028.8
ExpirationDecember 31, 2039Tax Abatement Period” for purposes of this Agreement shall mean the period beginning on the earlier to occur of (a) January Ist of the year following completion of the Improvements and commencement of Business Activities, or (b) January 1, 2029, and continuing for a period of ten (10) years thereafter through December 31 of that 1 0th year.5
Effective dateJune 15, 2024this Agreement is executed in duplicate originals effective this \S day of J unk , 2024.20
SignatorySusann KazunasName: Susann Kazunas Title: President20
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Parcels · p. 21
9562
How to check this page

Every line above is in the contract.

Agreement 0009600 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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