The Freeport Tax Exemption will appear on the ballot in a special election held in College Park this spring.
If the measure passes, the city will use the exemption to attract more out of state business locally. The exemption applies to local businesses with inventory which is exempt from state property taxes, said Economic Development Director Artie Jones.
Things such as partly finished goods, raw materials stored in Georgia for up to a year and finished goods that are destined for out of state customers would not be taxed locally, a measure that may encourage more business for local companies.
“The mayor and city council unanimously approved placing this measure on the ballot,” Jones said. “More than 60 percent of local jurisdictions [in Georgia] use this exemption.”
The special election takes place on March 17.
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