The Texas Jobs, Energy, Technology, and Innovation Act (JETI) is a state initiative designed to attract new jobs and investments by offering property tax incentives to businesses. Through JETI, companies can enter into agreements for a 10-year limitation on the appraised value of their property for school district maintenance and operations (M&O) taxes, contingent upon meeting specific job creation and investment thresholds.

Program Benefits

Businesses participating in the JETI program may receive:

  • Property Tax Limitation: A 10-year limitation on the appraised value of eligible property for school district M&O taxes, reducing tax liability during the agreement period.
  • Enhanced Incentives for Opportunity Zones: Projects located within qualified opportunity zones may qualify for additional tax benefits.

Eligibility

To qualify for the JETI program, businesses must meet the following criteria:

  • Location: The project must be situated in Texas and fall within eligible industries, such as manufacturing, dispatchable electric generation, and research and development facilities.
  • Job Creation and Investment Requirements: Businesses must meet minimum thresholds for job creation and capital investment, which vary by county population size.
  • Performance Bond: Applicants are required to obtain a performance bond before executing an agreement to ensure compliance with program obligations.
  • Wage Standards: Jobs created must meet wage standards based on Texas Workforce Commission data.
  • Compelling Factor Requirement: Applicants must demonstrate that the JETI agreement is a critical factor in a competitive site selection process, indicating the investment might not occur in Texas without the agreement.

Free Project Eligibility Review

Get expert insights into how your upcoming capital investments could qualify for significant tax savings under this and other similar programs. Our complimentary project review will help you identify opportunities to reduce costs and optimize your investments.

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