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Autauga County approves 10-year tax abatement for Project Mountain expansion in Prattville
Summary
The Autauga County Commission approved a 10-year tax abatement for Project Mountain (Old World Industries, LLC), a planned $26 million expansion expected to add about 20 jobs; the abatement covers construction-related transaction taxes (with education exceptions) and non-educational ad valorem taxes, contingent on meeting employment thresholds.
The Autauga County Commission voted June 17 to approve a tax abatement agreement for Project Mountain, an expansion project by Old World Industries, LLC, to be located in Prattville and Autauga County.
The resolution, adopted unanimously after the commission suspended the rules to add the item, authorizes abatement of construction-related transaction taxes (excluding local construction taxes levied for education or capital improvements for education) and an abatement of state and local non-educational ad valorem taxes for a period of 10 years, contingent on the company meeting specified employment thresholds.
County documents on the record describe the expansion as an approximate $26,000,000 investment that would add an additional 20 jobs. The commission said it had considered information provided in the abatement application and found it sufficient to perform a cost/benefit analysis before approving the incentives.
The resolution directs the county chairman to execute any documents necessary to effectuate the tax abatement agreement, “to the extent and as permitted by applicable law,” and notes the county will apply the incentives consistent with state law.
No public vote totals were recorded in the minutes beyond the motion and second; the published minutes state the motion to approve the abatement carried by unanimous vote. The resolution was presented and attested by Chairman Jay Thompson and Treasurer/Administrator Keaver Scott Kramer on behalf of the commission.
Next steps identified in the meeting record include executing the tax abatement agreement with Project Mountain and monitoring the company’s compliance with the employment thresholds that the commission listed as contingencies for the abatement.
