Supervisors deny tax exemption to GCP Laboratories
Published: March 13,2012
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.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Twang & Tourism: The Country Music Trail
Top Posts & Pages
- Retired judge to hear McDaniel's challenge of primary loss to Cochran
- PSC's Brandon Presley calls in-state nuclear waste dump a 'harebrained scheme'
- Georgia-Pacific completes acquisition of SPG Holdings
- Venture Tech merges with ISC, acquires SAT
- Officials set hunting dates for birds; expands dove season by 20 days
- State's jobless rate remains highest in U.S.
- Former DMR manager pleads guilty to embezzlement
- GOLF ranks state's courses; Fallen Oaks, Dancing Rabbit make top 100
- C Spire, UM installing Wi-Fi network at Vaught-Hemingway Stadium