Texas county awards tax abatements for Sanderson Farms
Portions of Smith County property taxes will be abated over a 10-year period
The Smith County (Texas) Commission approved a 10-year tax abatement package for Sanderson Farms, which hopes to build a poultry complex in the area.
Sanderson Farms on March 20 announced its ambitions to build the complex in Smith and Wood Counties, contingent upon whether the company can secure the needed permits and tax incentives. The company hopes to be able to employ about 1,700 people at the new complex.
The poultry complex plans call for a poultry processing plant, wastewater treatment facility, hatchery and feed mill. The plant, at capacity would process 1.25 million birds per week, adding substantial capacity for the third largest broiler company in the United States. According to the plans, the plant and hatchery would be located in Smith County.
Smith County commissioners unanimously approved the incentives, which will enable Sanderson Farms to have 80 percent of its county property taxes abated for seven years, and half of the taxes abated for the three years after that.
Sanderson Farms earlier announced that about 80 contract growers would be needed to support the new plant.
Sanderson Farms tax abatement agreement approved by Smith County
Smith County Commissioners on Tuesday finalized a tax abatement agreement for two Sanderson Farm sites in the county.