IMPLEMENTATION LEVEL
SubnationalAFFECTED FLOW
InflowANNOUNCED AS TEMPORARY
NoNON-TRADE-RELATED RATIONALE
NoELIGIBLE FIRMS
firm-specificJUMBO
NoTARIFF PEAK
NoTax or social insurance relief
On May 21, 2015 the Tuscaloosa County Industrial Development Authority agreed to give additional property tax abatements to Mercedes-Benz to offset plant expansion costs that doubled from the original estimate. It increased the value of the company's tax abatements to about $28.1 million, up from the $12.5 million approved in 2011. The Tuscaloosa News reports the extra tax breaks were awarded to Mercedes after it spent $670 million expanding its Alabama plant. The authority also approved an additional $1.1 million in tax abatements for Mercedes to help offset the cost of site preparation work for potential future expansion.
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