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City Council approves offer to cut Amazon warehouse property taxes by half for 5 years
VIDEO: City Council approves offer to cut Amazon warehouse property taxes by half for 5 years By Tamlyn Cochran | January 26, 2021 at 6:25 PM CST - Updated January 26 at 10:28 PM
AMARILLO, Texas (KFDA) - Amazon has the option to accept or reject Amarilloâs economic incentives after the City Council voted on the final offer.
The offer would cut the companyâs property taxes by half for five years and give it $2.5 million to meet goals like creating 500 jobs.
Amazon will have to spend $13.5 million to pay the workers every year.