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Manassas council approves extension of Micron semiconductor tax arrangement tied to CHIPS funding
Summary
The Manassas City Council voted to extend a local semiconductor equipment tax arrangement for Micron Technology to align with federal and state CHIPS incentives. Economic development staff said the measure preserves a predictable local revenue stream tied to an ongoing company commitment; the measure passed with one council member opposed.
The Manassas City Council on Feb. 11 approved a resolution extending the city’s semiconductor equipment tax arrangement with Micron Technology Inc., a move city staff said is intended to match federal and state CHIPS Act incentives and preserve long‑term revenue predictability.
Economic development staff described the proposal as a local component of a broader incentive package supporting Micron’s planned expansion. Mr. Small, the city’s economic development director, told council the company is the city’s largest taxpayer and that the current agreement, adopted in 2018, effectively stabilizes annual city receipts from Micron’s machinery and tools valuation. “This…
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