Supervisors deny tax exemption to GCP Laboratories

GULFPORT — Harrison County supervisors have voted 3-2 to deny a Gulfport business a five-year tax exemption.

Board members who voted against the resolution yesterday said because it is not a new business, the county would lose money by allowing the exemption.

Bill Hessell of the Harrison County Development Commission tells The Sun Herald GCP Laboratories took over a similar business, ANIP, and kept all of the employees.

ANIP had an exemption for personal property, not ad valorem taxes. The ad valorem taxes bring in about $17,500 a year to the county.

Hessell said the new owners have put $1 million into the business.

But, supervisors said because the previous company didn’t have the exemption, the county would lose that revenue.

[RSS Feed] []

To sign up for Mississippi Business Daily Updates, click here.




Twang & Tourism: The Country Music Trail

Our annual "Come See Us" magazine offers ideas for spots in Mississippi ranging from golf to culture to history to food. Click the photo for ideas, stories and access to the digital edition of this year's magazine.

Top Posts & Pages

%d bloggers like this: