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Taxes and Incentives


Texas-sized incentives. Can-do Canyon support
Job creators can expect just rewards in a state where the overall tax burden has ranked 4th lowest in the U.S.; Texas’ 2014 tax rates earned a national ranking of 11th in best business tax climates. Naturally, this state’s industrial incentives are Texas-sized. And in Canyon, we’re ready to create jobs for our residents and wealth for our employers by helping those Texas-sized incentives stretch farther with low costs of living and doing business. And for qualified industry, the CEDC may also provide land and financial grants. Together, Texas incentives and Canyon Can-do provide solid ground for growth:

  • Zero corporate income tax.
  • Zero personal income tax.
  • A margins tax that lowers the corporate franchise tax and rewards businesses for making wise choices.
  • Significantly lower rates for unemployment insurance: Compared to the national unemployment insurance employer tax rate of .86% as a percentage of total wages, Texas employers pay only .61%.
  • No mandatory worker’s compensation insurance.
  • A low-tax, low cost-of-living environment: Canyon taxes less because this city makes the most of every dollar, leveraging our 4B tax structure to create the most strategic facilitation of business and community improvement.
  • CEDC land grants and financial grants to qualified industry and job creators.

Top-notch training for your team:
One more hard-working incentive that qualified Canyon job creators enjoy is targeted workforce training provided and either partially or fully underwritten through the state of Texas Skills Enhancement Fund. This nationally leading program has produced results all across the state of Texas, including right here in Canyon.

For Texas-sized incentives—and Texas-sized performance—Canyon can get the job done.


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