Supervisors give Huntington Ingalls 10-year tax break
Published: September 13,2011
PASCAGOULA — Jackson County supervisors have granted 10-year exemptions to Huntington Ingalls on a portion of its ad valorem taxes.
Yesterday, the board unanimously granted two separate exemptions on some newer equipment and property at the shipyard, but the shipyard would still have to pay about 18 mills of the county’s 51.3 mills tax rate. Supervisors say some tax funds must still be collected for school funds, roads and other expenses.
Supervisor John McKay tells The Sun Herald such tax exemptions are needed because if they are not granted, other locations with existing Huntington Ingalls operations might offer the company a better incentive to move those upgrades, which can also yield new jobs, to another area instead.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Mississippi no longer has highest unemployment rate in nation
- McDaniel cites Gunn's challenge in his attempt to overturn loss to Cochran
- Payday lender, fired executive exchanging blame for lender’s regulatory woes
- Grain buyer’s bankruptcy could take steep toll on Delta farmers
- Once the bane of only Southerners, kudzu is migrating north and west
- UPDATE — David Watkins says JRA left him in dark about HUD's Farish St. involvement
- Mad Genius, Eyevox owner acquires Mississippi Film Studios
- SouthGroup Insurance named to 'Best Practices' study
- Senators push for protecting steel producers from imported rebar