“What we gain with that is capital investment on property that was taxed as agriculture now will be taxed as industrial, and so the revenue will be based upon the minimum of $500 million capital investment, a minimum of 50 full-time high-paying jobs,” said Cindy Leis, president and CEO of the Allen Economic Development Group.
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The annual Sales Tax Holiday comes around every year just before summer break ends, giving parents a chance to save money on the things their kids will need for the school year.