DAN MARTINEZ & ASSOCIATES, LLC
STATE TAX SPECIALISTS
What is the Texas Enterprise Zone (TEZ) program?
It is a state sales and use tax refund program designed to encourage investment and job creation in economically distressed areas in the state of Texas. Dan Martinez & Assoc. LLC (M&A) is veteran in state and local tax consulting services. Founded in 1991, M&A has generated approximately $10 million in TEZ tax credits and incentives from initial application process through the sales tax refund process, total turnkey for our clients.
This tax incentive is a state sales and use tax refund, with the maximum allowable refund, both total and per job, determined for each company which has been awarded a designation based on the company’s planned capital investment and job creation and/or retention at the qualified business site. Companies approved for Enterprise Zone designations are eligible to apply for refunds of the state sales and use tax on taxable items they have paid during the designation period on qualified expenditures, up to their maximum allowable refund. The Texas Comptroller’s Office administers all refunds. TEZ designations are effective beginning 90 days prior to the deadline for the applicable application round and extend for a period of not less than 1 year and not more than 5 years from the date on which the designation is made. M&A’s tax consultants closely works with our client and personnel, nominating jurisdictions, public officials and the Texas Comptrollers’ office to facilitate and coordinate the filing for the TEZ and obtaining the sales tax refund upon initial application acceptance.