Doraville voters approved three tax breaks for businesses during last week’s election.
The initiatives, known as freeport exemptions, are intended to attract and retain manufacturing and logistics industries, according to the city.
Voters passed each of the ballot measures by about 2-to-1 margins.
The exemptions on local ad valorem taxes apply to:
- Inventory of goods in the process of being manufactured or prodocued, including raw materials and partly finished goods.
- Finished goods produced in Georgia within the last 12 months
- Finished goods stored in Georgia within the last 12 months and destined for shipment out of state
Residents in the city of Stone Mountain approved a similar tax break, making them the first two DeKalb County cities to do so. The county adopted a version of the freeport exemption in 1977.
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