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Jasper City Council approves up-to-22-year 2% sales-tax abatement for Jasper Pavilion
Summary
After a public hearing, the council approved a development agreement to abate 2% of city sales tax for Jasper Pavilion LLC for a period that could extend up to 22 years; portions of sales tax pledged for bonds would not be abated.
The Jasper City Council voted to approve a development agreement granting Jasper Pavilion LLC an abatement of 2% of city sales tax on sales at the development for a period that could extend up to 22 years.
The measure, presented during a public hearing, was introduced by Attorney Robertson, who told the council, “it is now time for the public hearing on the request for economic development assistance by Jasper Pavilion LLC.” Robertson said the proposed agreement would abate 2% of the city sales tax but would not affect…
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