Supervisors give Huntington Ingalls 10-year tax break
by Associated Press
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.
Twang & Tourism: The Country Music Trail
Still planning that summer vacation?
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Study: Mississippi has highest sales tax rate in U.S.
- Prescription for success — Transcript Pharmacy continues fast growth
- MSU researchers develop timber-management software
- New law on taxing methods hailed as big win for businesses
- Panther Creek megasite — Putting a value proposition out there
- Nehi Bottling Company has been a Cleveland fixture for 85 years
- BBB issues warning involving asphalt paving scam
- Running luxury car dealerships, like Mercedes of Jackson, comes naturally to Trudy Higginbotham Moody
- Baker Donelson's David A. Rueff Jr. co-authors guide
- Chris McDaniel responds to radio show audio clip