Specific incentives through industrial revenue bonds include no sales tax on materials during construction and ten-year property tax abatement for the entire property, additional incentives with this package could be additional cash funding for attorney fees or other fees associated with the industrial revenue bonds.
The City of Parsons has taken advantage of industrial revenue bonds for many projects including a $25 million expansion program at one of our largest manufacturing facilities and a $7 million hotel conference center complex.
Specific incentives through industrial revenue bonds include no sales tax on materials during construction and ten-year property tax abatement for the entire property, additional incentives with this package could be additional cash funding for attorney fees or other fees associated with the industrial revenue bonds.