Friday, May 27, 2005

Tax Incentive Program

On the Catoosa County News, this story about a new tax incentive program is good news for economic development in the county.

The Commission approved, based on a recommendation by the Development Authority, a graduated Ad Valorem tax on improvements made to purchased property. It has the advantage of not lowering the current tax revenues.

Attracting new businesses is a complicated matter. I applaud the Development Authority and the Commission for adding this incentive option to their toolkit.

CB

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