The Post and Courier of Charleston reported the city council on Thursday cut the rate used to calculate annual fees for companies earning $250 million or more. There are only four such companies in the city.
The city also created a new top rate tailored for Boeing that is 99 percent less than the current levy.
The newspaper reports that, essentially, the deal was created so Boeing pays no more than about $1 million in yearly fees to North Charleston as aircraft production increases.
MORE HBJ HEADLINES
Scratch Distillery in Edmonds reflects owners' love of spirits Preview of the 2016 Nissan Maxima 11:08 a.m. Everett’s Mazda dealership gets a new look Accounting for wildfires’ cost won’t be easy Briefs: HomeStreet Bank rewards to summer reading participant Shop owner accused in scheme with shoplifting addicts
Our new comment system is not supported in IE 7. Please upgrade your browser here.