Supervisors approve tax break for DuPont plant
Published: October 4,2011
DELISLE — Harrison County Supervisors have agreed to give DuPont a $250,000 annual property tax exemption if the company invests $45 million into its operations near DeLisle.
The Sun Herald reports the tax waiver would be good for five years and it would mean a tax savings of about $250,000 annually if the company makes the $45-million investment in new equipment, buildings and renovations. The company would have the option to ask for a five-year extension.
DuPont does not expect the work to bring any additional jobs, which concerned supervisors, but the memorandum of understanding the Board entered into Monday said the tax break could save existing jobs.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Spivey named Under 40 Business Person of the Year by the Mississippi Business Journal
- Bids on reworking Interstate 55 stretch are rejected
- JACK WEATHERLY: Finding a house, defending a neighborhood, finding a voice
- Terminal upgrade on indefinite hold at Jackson International Airport
- JACK WEATHERLY: Economic development in these parts is a ‘family’ business
- Report ranks state schools' performance 51st in the nation
- Hosemann to launch crowd funding program
- CFPB wants repay ability at center of new payday loan rules
- Two new casinos like the odds on Mississippi Gulf Coast