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 IRP Exemption to Title Ad Valorem Tax a 2019-2024

Valorem 2019-2024 Form

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LAST NIGHT -- BAY COUNTY VOTERS MOVED TO PASS A LOCAL TAX EXEMPTION FOR BUSINESSES IN THE AREA. TODAY, ECONOMIC DEVELOPMENT LEADERS ARE REACTING TO THE NEWS. NEWS 13'S ERIKA ORSTAD SPOKE WITH BAY ECONOMIC DEVELOPMENT ALLIANCE PRESIDENT BECCA HARDIN TO FIND OUT WHAT THIS MEANS FOR THE COUNTY. BAY COUNTY ECONOMIC DEVELOPMENT LEADERS SAY THEY'RE OVERJOYED AFTER BAY COUNTY RESIDENTS VOTED TO KEEP THE AD VALOREM TAX EXEMPTION FOR QUALIFYING BUSINESSES IN THE AREA. THE EXEMPTION HAS BEEN VOTED ON EVERY TEN YEARS SINCE 1980, PASSING EVERY TIME. BAY E-D-A PRESIDENT BECCA HARDIN SAYS IT'S AN EXTREMELY HELPFUL TOOL FOR THEM TO USE TO ATTRACT BUSINESS TO THE AREA AND KEEP EXISTING BUSINESSES HERE, ESPECIALLY AFTER THE STATE'S QUALIFIED TARGET INDUSTRY TAX REFUND SUNSETTED EARLIER THIS YEAR. SHE SAYS THE FACT IT PASSED OVERWHELMINGLY AGAIN LAST NIGHT SHOWS THE RESIDENTS' SUPPORT FOR ECONOMIC GROWTH IN BAY COUNTY.

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