News reports over the weekend state The Boeing Co. will pay the homeowner’s tax rate on its South Carolina property where it will produce Dreamliner aircraft one day soon.
No dollar amounts were disclosed, but Boeing said Friday it would pay Charleston County 4 percent on its real and personal property for 30 years, the same rate as for an owner-occupied home, according to The Post and Courier of Charleston.
Industrial taxpayers are typically assessed at 10.5 percent, but a spokeswoman for the manufacturer said the deal wasn’t uncommon.
Here’s the account from the Associated Press and a lengthier report in The Post and Courier.
The Charleston County Council is slated to vote on aspects of the deal Jan. 12. But apparently the company is urging the details be kept secret.
From today’s edition of the Charleston paper
Public officials are set to approve millions of dollars of tax breaks and grants promised to Boeing Co., but Charleston County Council members learned that the details of what they’ve been asked to bless may not be released for up to a year.
Site work already is under way for Boeing Co.’s new 787 Dreamliner production line, which is set to open in 2011 at Charleston International Airport near the aerospace giant’s existing fuselage plants (background). That request for secrecy came from Boeing, which has asked that incentive details be kept under wraps until well after the elected officials vote on them. Despite having signed a nondisclosure agreement, county officials and council members previously said they expected to release the details after the incentives were approved. Council is scheduled to take a final vote on the incentives Jan. 12. Some details of the local and state inducements, pegged at about $450 million, to lure a Boeing 787 aircraft assembly plant to the area have trickled out.
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