The City of Liberty has the ability to issue Industrial Development Bonds to finance industrial development projects. The City issues the bonds to finance real and/or personal property for eligible projects. The use of these bonds provides the ability to abate a percentage of real and/or personal property tax. These bonds also provide the use of a sales tax exemption when purchasing equipment, machinery and other eligible purchases.
The City's Chapter 100 tax abatement program allows up to 90 percent tax abatement for qualifying companies. The program also allows up to 100 percent tax abatement for science and technology related companies or class-A office projects.