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Fri December 14, 2012
Council grants freeport exemptions to industries
The Greenville City Council has granted two local industries exemptions on taxes they pay for storing “goods in transit.”
Greenville Board of Development Chief Executive Officer Greg Sims said the exemptions were a positive move for the local economic development. The Council voted Tuesday to grant Freeport tax exemptions and instead of accepting a payment in lieu of taxes for AB Mauri Food and Masonite.
Sims said there was one other industry to be included under the exemptions, although the process of drafting the details of the exemption had not been completed as of Tuesday’s meeting. Sims approached the council earlier this year, asking the Council to join the Greenville Independent School District and Hunt County in a “Partnership Freeport Plan.” Sims said he intends to meet with the Greenville ISD board on December 17. Sims noted that many area cities, counties, and governmental agencies with whom Greenville competes, including Rockwall, Farmersville, McKinney, and Terrell, Have already passed the exemptions.