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Rankin County board signals intent to grant up to 10-year ad valorem tax exemptions to Averitt Express and Trilogy Communications
Summary
The board authorized intent to award ad valorem tax exemptions of up to 10 years to Averitt Express and Trilogy Communications, contingent on Mississippi Development Authority qualification and meeting required job/ investment thresholds.
At a Rankin County Board of Supervisors meeting, members voted to indicate the county’s intent to award up to 10-year ad valorem tax exemptions to Averitt Express and Trilogy Communications, pending both companies’ completion of the Mississippi Development Authority qualification process and fulfillment of required job and investment commitments.
County staff told the board the vote would signal support for the companies’ applications but that final exemption approvals require full MDA review. "You would be simply indicating your intent to award up to a 10 year tax exemption to each of those in exchange for the requisite qualified amounts and jobs," a county staff member said during the discussion.
The motion to approve the county’s favorable intent carried after a motion and second; board members answered "Aye" when asked for the vote. The action was recorded as an intent to award and not the final tax-exemption certification; the companies must still complete state-level qualification and documentation.
Board members added the item to the agenda earlier in the meeting before taking the vote. The county did not specify exact investment or job targets in the public discussion; staff said those thresholds are part of the MDA review process and must be met for final exemption approval.
The board recessed following the meeting and scheduled its next session for Aug. 7 at 9 a.m.
