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re: Poor Elon....next they're gong to take your subsidy
Posted on 9/22/17 at 9:55 am to Evolved Simian
Posted on 9/22/17 at 9:55 am to Evolved Simian
quote:
Actually, it's not. Mercedes is still a net payer.
How do you know that when they haven't even released the full details of the incentive package? The tax credits could easily exceed all other taxes. A lot of the taxes are probably abated too.
Posted on 9/22/17 at 10:17 am to cahoots
quote:
Alabama Commerce Secretary Greg Canfield said that while the specific details of the state's incentive package for Mercedes-Benz agreeing to build in Alabama are still being negotiated, because the timetable and scope of the project is still being determined, this is a huge boost for the state which is growing at a record pace as an industry leader.
He said the package will include statutory incentives, performance-based incentives, statutory tax abatements and tax credits.
So you're worried about Alabama taxes?
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