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.
Top Posts & Pages
- JACKSON JILTED —Southwest Airlines pulling up stakes and leaving Mississippi
- Eye clinic operator faces Medicaid fraud charges
- NEW ORLEANS SAINTS MOVING — Mississippi company has the task of moving the football team
- Mega-load move could cause traffic issues
- M&F branches to close as Renasant wraps up merger
- Gaming Commission gives nod to Coast city's first casino
- Hood issues opinion on open-carry gun law
- New owners plan cautious change for Highland Village
- Aldermen review adult business ordinance, call public hearing
- C Spire launches next phase of 1-gig service rollout