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Economic Development Transparency

The City of Amarillo promotes economic growth by encouraging targeted development and redevelopment. Incentives are a tool for attracting and encouraging high-quality jobs and investment in the city.

  • CONTACT INFORMATION
  • For inquiries about available incentives and project qualification, contact:

    Drew Brassfield
    Assistant Director of Planning
  • 806-378-5241
  • drew.brassfield@amarillo.gov

Economic development incentives are negotiated on a case-by-case basis with new and expanding businesses subject to the qualifications, conditions, and requirements of the City of Amarillo’s Economic Development Guidelines, as well as the approval of the Amarillo City Council.

Economic Development Summary

The City of Amarillo has entered into 46 economic development incentive agreements dating back to 2010. These agreements take the form of tax abatement agreements authorized under Chapter 312 of the Texas Tax Code, TIRZ grant and rebate agreements authorized under Chapter 311 of the Texas Tax Code, and grants authorized under Chapter 380 of the Local Government Code. 

The city is committed to transparency and accountability in all economic development activities. As such, information related to the city’s economic development programs and incentive agreements are provided below:

  • Since 2010, over 1,715 local jobs have been retained or created by companies who have entered into an incentive agreement with the City of Amarillo. This number is expected to double from projects pending completion. 
  • Most recently completed fiscal year for which data is available: 
    • October 1, 2024–September 30, 2025 
  • Number of active agreements in the most recently completed fiscal year: 31  
    • Chapter 312 Tax Abatements: 7 (+7 pending project completion) 
    • Chapter 380 Agreements: 6 (+1 pending project completion) 
    • Chapter 311 Agreements: 18 (+5 pending project completion) 
  • Total estimated taxes abated in year 1 of Chapter 312 agreements: 
    • City of Amarillo: $1,062,931.12 
    • All Participating Taxing Entities: $2,914,032.10 
  • Total estimated taxes rebated in year 1 of agreements: $1,094,330.65 
    • Chapter 380 (Property Taxes): $37,387.42 
    • Chapter 380 (Sales Taxes): $369,546.82 
    • Chapter 380 (Hotel Occupancy Taxes): $18,836.71 
    • Chapter 311 (Property Taxes): $668,559.70 
  • Estimated taxes abated/rebated in year one of agreements expressed as a per capita amount, based on a population of 201,885, from the 2024 American Community Survey, 5-Year Estimates: 
    • Abatements (City of Amarillo): $5.27 
    • Abatements (All Participating Entities): $14.43 
    • Rebates (All): $5.42 
  • Estimated taxes abated for the life of agreements to date: 
    • City of Amarillo: $6,628,883.58 
    • All Participating Taxing Entities: $20,218,213.25 
  • Estimated taxes rebated for the life of agreements to date: $11,090,191.91 
    • Chapter 380 (Property Taxes): $137,572.28
    • Chapter 380 (Sales Taxes): $537,028.37 
    • Chapter 380 (Hotel Occupancy Taxes): $5,813,046.66 
    • Chapter 311 (Property Taxes): $4,602,544.60 
  • Total capital investment received for agreements to date, not including projects pending completion: $608,673,836.33 
    • Chapter 312: $321,450,000.00 
    • Chapter 380: $163,400,000.00 
    • Chapter 311: $169,323,836.33 
  • Other incentives paid to date: $1,415,598.00 
    • Grants: $1,327,500.00 
      • Chapter 380: $787,500.00 
      • Chapter 311: $540,000.00 
    • Building permit fees waived/refunded: $88,098.00 

Visualizations

A graph for the City of Amarillo's Number of Tax Abatements Granted Per Year

Click here to view the long description for the Number of Tax Abatements Granted Per Year graph.

A graph for the Amount of Taxes Abated Per Year

Click here to view the long description for the Amount of Taxes Abated Per Year graph.

A graph for the Property Taxes Rebated Per Year by Agreement Type

Click here to view the long description for the Property Taxes Rebated Per Year by Agreement Type graph.

A graph for the Taxes Rebated Per Year by Type

Click here to view the long description for the Taxes Rebated Per Year by Type graph.

Document Resources

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City of Amarillo: Number of Tax Abatements Granted Per Year 

Overview 

The chart shows the number of businesses that received a tax abatement from the City of Amarillo in the past five fiscal years. The 2020/21 and 2021/22 fiscal years each had four active abatements, 2022/23 had five, and 2023/24 and 2024/25 each had seven. 

Values 

Numerical values presented on the image: 

 

Fiscal Year 2020/2021 

Fiscal Year 2021/2022 

Fiscal Year 2022/2023 

Fiscal Year 2023/2024 

Fiscal Year 2024/2025 

Active Abatements Per Year 

4 

4 

5 

7 

7 

Presentation 

The bar chart shows the number of businesses that received a tax abatement from the City of Amarillo in the past five fiscal years. The horizontal axis shows each of the past five fiscal years and the vertical axis shows the number of active abatements each year. Each year has one column, with the height indicating number of active abatements in that year.

Amount of Taxes Abated Per Year 

Overview 

The chart shows the dollar amounts abated over the past five fiscal years from Chapter 312 tax abatement agreements. Each fiscal year shows a larger dollar amount abated, with minor growth over the first three years, a higher increase in the fourth year, and minor growth again in the fifth year. 

Values 

Numerical values presented on the image: 

 

Fiscal Year 2020/2021 

Fiscal Year 2021/2022 

Fiscal Year 2022/2023 

Fiscal Year 2023/2024 

Fiscal Year 2024/2025 

Taxes Abated by City of Amarillo 

$510,061 

$623,017 

$679,849 

$965,261 

$1,143,899 

Total Abated by All Entities Including City of Amarillo 

$1,569,512 

$1,926,332 

$2,103,099 

$2,884,936 

$2,959,496 

Presentation 

The bar chart represents the amount of taxes abated over the past five fiscal years. The horizontal axis shows each of the past five fiscal years and the vertical axis shows the dollar amount abated. The bar representing taxes abated by the City of Amarillo is sightly offset to the side of the bar representing the amount abated by all participating tax entities for each fiscal year. This shows that the amount abated by the City of Amarillo is a part of the total amount abated by all entities.

City of Amarillo: Property Taxes Rebated Per Year by Agreement Type 

Overview 

The chart shows the dollar amounts of property taxes rebated per year over the last five fiscal years, broken down by agreement type. There were no Chapter 380 property tax rebates in the first two years listed. The total amount increased slightly each year, with a more significant increase in the most recent year. 

Values 

Numerical values presented on the image: 

 

Fiscal Year 2020/2021 

Fiscal Year 2021/2022 

Fiscal Year 2022/2023 

Fiscal Year 2023/2024 

Fiscal Year 2024/2025 

Chapter 311 

$533,080 

$547,426 

$574,947 

$591,249 

$821,350 

Chapter 380 

$0 

$0 

$37,387 

$39,172 

$61,013 

Presentation 

The bar chart shows the amount of property taxes rebated in the past five fiscal years, broken down by agreement type. The horizontal axis shows each of the past five fiscal years and the vertical axis shows the dollar amount rebated. For each fiscal year there is vertical column, comprised of two stacked columns, each of which representing the different agreement types. 

City of Amarillo: Taxes Rebated Per Year by Type 

Overview 

This chart shows the dollar amounts rebated by the City of Amarillo from economic development incentive agreements over the past five fiscal years. Each year is broken down by rebate type, including property tax rebates, hotel occupancy tax rebates, and sales tax rebates. Each fiscal year shows a slight increase in total dollars rebated, with a more drastic increase in the most recent fiscal year. 

Values 

Numerical values presented on the image: 

 

Fiscal Year 2020/2021 

Fiscal Year 2021/2022 

Fiscal Year 2022/2023 

Fiscal Year 2023/2024 

Fiscal Year 2024/2025 

Property Tax Rebates 

$533,080 

$547,426 

$612,334 

$630,421 

$882,363 

Hotel Occupancy Tax Rebates 

$686,747 

$753,112 

$794,828 

$871,423 

$808,348 

Sales Tax Rebates 

$0 

$21,046 

$55,528 

$45,881 

$368,716 

 

Presentation 

The bar chart represents the amount rebated by the City of Amarillo for each type of tax rebate over the past five fiscal years. The horizontal axis shows each of the past five fiscal years and the vertical axis shows the dollar amount rebated. The different rebate types are stacked vertically in each fiscal year, with the height representing the total dollar amount rebated.