Hardwood manufacturer, distributor, Anderson-Tully of Vicksburg, Mississippi is granted US$826,869 free port warehouse exemption; state-approved tax break seeks to ease burden on companies that store finished products for out-of-state distribution

Wendy Lisney

Wendy Lisney

Feb 5, 2014 – Associated Press

VICKSBURG, Mississippi , February 5, 2014 () – Anderson-Tully Co. will see an $826,869 drop in taxes after the company was given a "free port warehouse" exemption.

Since 2003, the state has allowed counties to phase out the property tax levied on goods shipped out of state. The phase-in would be over 10 years to reduce the impact of the loss of local revenue. Officials have described the tax as a burden on companies that store goods for later distribution.

ATCO's exemption is for 10 years. The tax break does not apply to school taxes.

The Vicksburg Post reports (http://bit.ly/1cRmc6Y ) that the lumber processor applied for the "free port" exemption last summer. Calculations were finalized Monday and approved by the board of supervisors.

ATCO employs 200 people at its facility in Vicksburg with a payroll of $13 million.

Information from: The Vicksburg Post, http://www.vicksburgpost.com

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

© 2021 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Share:

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025 795

+1 (310) 558 0008
+1 (310) 558 0080 (FAX)

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.