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County accepts freeport tax exemption

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County accepts freeport tax exemption

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ATHENS–Henderson County Commissioners took a historic step Tuesday in rescinding a 1989 Freeport-denying resolution that allowed the county to continue collecting property tax on business inventory. This collection has accounted for over a million dollars in the county’s annual budget. The potential from continuing to collect on inventory as ad valorem tax revenue this year is nearly $2 million, according to Athens Economic Development Executive Director Lisa Denton.

How are they able to do it?

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