Boeing Tax Breaks Coming To Light
NORTH CHARLESTON, S.C. (AP) _ Boeing has released someinformation about the tax breaks it is expecting to get as part ofthe deal to put its $750 million 787 assembly plant in SouthCarolina. The Post and Courier of Charleston reports that Boeing saidFriday it would pay Charleston County 4 percent on its real andpersonal property for 30 years. That’s the same tax rate as for anowner-occupied home. The paper says industrial taxpayers are typically assessed at10.5 percent. County Council members are set to vote on the packageTuesday. Boeing announced in October it would open a second assembly linefor its new 787 in South Carolina, not in Everett, Wash., where ithas built planes for generations. The announcement is the largestsingle industrial investment in state history.