Taylor made the decision at a Sept. 11 meeting.
According to Melinda Lemmon, executive director of the Cartersville-Bartow County Department of Economic Development, freeport exemption allows the governing authority of any county or municipality to elect, with the approval of the voters, exemption of the following types of tangible personal property:
n Inventory of goods in the process of being manufactured or produced including raw materials and partly finished goods;
n Inventory of finished goods manufactured or produced within this state held by the manufacturer or producer for a period not to exceed 12 months;
n Inventory of finished goods on Jan. 1 that are stored in a warehouse, dock, or wharf which are destined for shipment outside this state for a period not to exceed 12 months
Previously the exemption was set at 80 percent. Moving to 100 percent has an impact for the future of economic development for the county, Lemmon said.
“The increase in freeport tax exemption finally means that this issue won’t be an excuse for an opportunity to look elsewhere,” Lemmon said.
Lemmon said she is excited about the message the commissioner is sending to potential businesses interested in finding a home in Bartow County.
“It’s so enjoyable to see the reaction on the faces of visiting business people to hear a consistent, focused, positive message from our leadership that Bartow is open for business, and the proof of that message in decisions such as freeport,” Lemmon said. “We need to appreciate what a rare thing that is. I truly believe that sets us apart.”
Support for a freeport tax exemption of 100 percent had been gaining traction before Taylor’s decision.
The Bartow County School Board became the latest to issue support. During its August business meeting, the board unanimously approved a resolution supporting the exemption.