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Abilene Texas Form 1120-FSC: What You Should Know

City of Abilene, Texas Budget 2025 Fiscal Year July 1, 2025 — Council votes to create tax increment financing districts for 4.5 million for new infrastructure improvements in the Abilene Park District — a plan that calls for a public-private partnership along with development tax credits and an increase to city property tax. City of Abilene, Texas Planning and Development Services Tax Credit (April 2018) — Taxpayers receive a credit for the tax for tax year 2025 on the purchase of qualified construction. City of Abilene, Texas Tax Increment Financing District Tax Credits (April 2018) — The tax increment financing districts will provide for 100% tax increment financing. This funding will provide for citywide projects including new parks, trails, and street and sidewalk improvements. Taxpayer Assistance Programs for Low-to-moderate Income Families Abilene Independent School District's Tax Relief Program for Individual Children (October 2017) Abilene Independent School District's Community Development District (March 2014) State of Texas' Abilene Opportunity Fund (September 2015) Abilene Independent School District's Special Education Tax Credit Plan — Tax relief for qualified children with disabilities who reside in our district. Community Development in Texas: An Overview (April 2014) Abilene's Economic Development and Capital Improvement Budget for FY 2 — Abilene's fiscal year begins July 1. CDR Tax Credit. (April 2018) Income tax rates for 2025 are increased by 5 percent above the 2025 rates established in the House Bill 1501, otherwise known as the 'Taxpayer Bill of Rights Act' — The Taxpayer Bill of Rights Act (HB1501) — Senate Bill 3 Tax-free status for certain Texas school districts and local units of government for certain types of contracts. Texas Senate Bill 3 UTAH TAX RETURN FORM 1120-RSF, U.S.

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