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Council gives final approval to ad valorem tax exemptions for Shiloh Holdings and Spec Mattress
Summary
The council gave final approval to resolutions granting ad valorem tax exemptions to Shiloh Holdings LLC and Spec Mattress LLC after the Mississippi Department of Revenue returned approvals; staff said the exemptions were previously approved by the council and required final sign‑off.
The Tupelo City Council gave final approval on Sept. 2 to two resolutions granting exemptions from ad valorem taxes to Shiloh Holdings LLC and Spec Mattress LLC after the Mississippi Department of Revenue returned their approvals.
City staff said the council had previously approved the exemptions in an earlier meeting and that the items were sent to the state Department of Revenue for review. Staff told the council the Department of Revenue has approved the exemptions and the council’s final sign‑off was now required.
Council members voted to ratify the final resolutions; the transcript records the motions, seconds and favorable votes with no recorded opposition.
