City OKs Higher Tax Exemption
Mayor Matt Santini called the Freeport tax reduction one of the "most important" in Cartersville's economic development plan.
Cartersville leaders last night moved on a longtime option aimed at attracting business and industry that hits the school system where it hurts, in the pocket book. Councilmen approved an increase in Freeport tax exemptions that positively affect the bottom lines of local manufacturers and other businesses that hold large inventories, The Daily Tribune News reports. The vote followed Cartersville Schools' resolution in support, approved by the school board in its March meeting. The measure means reduced property taxes for local manufacturers and other businesses holding inventories of goods that were produced in Georgia. As an incentive to new and expanding industry, Cartersville has exempted from taxation 20 percent of those goods since …
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