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Panama City voters will decide tax incentives for businesses in April | #elections | #alabama

PANAMA CITY − Should new and expanding businesses get tax cuts? Residents will decided in the 2023 municipal elections.

Panama City commissioners on Tuesday voted to add a referendum on the upcoming ballot to decide whether the city should once again offer property tax exemptions for new and expanding businesses. Panama City offered these incentives for about three decades before the 2021 municipal elections, when they were turned down by residents.

“It’s critical that we continue to have tools in our toolbox, and this tax exemption is an incentive that we can offer to help bring companies to Panama City,” said Becca Hardin, president of the Bay Economic Development Alliance. “It was unfortunate at the last election that it did not get passed. I believe it got tied up with some other things on the ballot and people just misunderstood.

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