The application, under the name “Project Colin,” was approved June 30 by the Taylor ISD board of trustees, Community Impact Newspaper previously reported.
At the time, TISD Public Information Officer Tim Crow declined to say how large of a limitation was approved, how long it would last or who it was from, as the project name does not belong to an existing business.
In records obtained from the comptroller’s website by Community Impact Newspaper, a property with an undisclosed location is the subject of an application for tax reimbursement on a $17 billion facility over the course of five years. The application does not make clear how much of a limitation is being considered. It has been accepted by the school district but has not yet been approved by the comptroller. The documents state Samsung is also considering locations in Arizona, New York and South Korea for a new plant.
If approved, construction is expected to begin in January 2022 with the first year of the limitation to be 2024.
Samsung Semiconductor in January sought a 100% tax abatement for 20 years as incentive to bring its 6.1 million-square-foot chipmaking plant to the area. That facility would have come with a $17 billion investment—$6 billion in structure and other real estate developments and $11 billion worth of personal property in machinery and equipment. The same amount of investment is described in the application approved by Taylor ISD.
