Commissioners voted Tuesday to implement an excise tax that would recoup a state tax credit on energy sales to manufacturers.
The 2 percent tax, which will be phased in over four years, will recoup what the local governments would lose with the total 6 percent state tax is repealed at the beginning of 2013. The local share currently is about 2 percent.
The county will be responsible for collecting and distributing the tax money to the appropriate city. Officials estimated that without the tax that the county and cities would lose about $650,000.
For more on today’s County Commission meeting, see Wednesday’s edition of the LaGrange Daily News.
Post a Comment
