Taxes & Incentives
The availability of economic Taxes & Incentives is often an important part of the decision to expand an existing business or to establish a new location in an area.The City of Liberty has a formal Economic Development Incentives Policy in place to serve as a guide to businesses when requesting financial incentives for their project.
In 2009, the Liberty City Council took Liberty to a new level in the competitive economic development market when it approved new incentive policies that would provide 75 – 90 percent property tax abatement for new light industrial businesses. This assures that when companies are looking to expand or locate in the metro area. Liberty is one of the first places they consider.
The new incentives program clearly demonstrate the commitment to bringing new jobs to our community while also developing a more diverse and viable tax base.
The policy allows property tax abatements up to 75 percent for new light industrial businesses that invest $6 million and bring 50 new jobs to Liberty. The City will also allow property tax abatements up to 90 percent if …
– a percentage of higher paying jobs will be included;
– the buildings will be certified by The Leadership in Energy and Environmental Design (LEED) Green Building Rating System; or
– the project will be located within a “green” park.