County officials have a very strong incentive to a
Post# of 2219
(Total Views: 196)
Posted On: 10/23/2018 8:32:31 AM
County officials have a very strong incentive to approve extensions and eventually annual licenses, so it's highly likely they'll continue to do so. This reply from back in April spells out why and actually puts a number on it:
vbfbrands: @sunset_sam, considering the county tax is $54k a quarter it would make sense that they want companies to continue paying by approving licenses.
Fortunately that tax was reduced in May, which should be a win-win, as operations like VBF can expand their sq. footage faster. This post was in reference to that tax reduction:
vbfbrands: The county reduced our tax rate to $5 per square foot. That’s reduces it from $225,000 a year to $75,000 a year. I'm sure that even with the nice reduction in the annual tax by sq. footage, they'll still be more than happy to extend the licenses.
vbfbrands: @sunset_sam, considering the county tax is $54k a quarter it would make sense that they want companies to continue paying by approving licenses.
Fortunately that tax was reduced in May, which should be a win-win, as operations like VBF can expand their sq. footage faster. This post was in reference to that tax reduction:
vbfbrands: The county reduced our tax rate to $5 per square foot. That’s reduces it from $225,000 a year to $75,000 a year. I'm sure that even with the nice reduction in the annual tax by sq. footage, they'll still be more than happy to extend the licenses.
(2)
(0)Sunset Island Group, Inc. (SIGO) Stock Research Links
Scroll down for more posts ▼