Sales tax rebates and property tax waivers part of convention hotel deal
by Ted Carter Published: June 26,2011
Tags: hotels, Intercontinental Realty Investments, ITC Investments, tax rebates, tax waivers
The Dallas developer seeking to partner with the City of Jackson to build a $94-million convention headquarters hotel wants a rebate on 80 percent of the sales tax collected at the hotel for its first 10 years. The rebate could cover as much as 30 percent of the costs incurred by TCI Investments, an arm [...] [...]
