Tax break ap­proved for Tyler Perry’s plane

The Guardian (Charlottetown) - - ENTERTAINMENT -

AT­LANTA — A tax break worth nearly $2 mil­lion was re­cently ap­proved for a plane owned by one of film­maker Tyler Perry’s com­pa­nies in Ge­or­gia.

The At­lanta Jour­nal-Con­sti­tu­tion re­ports that Cobb County’s de­vel­op­ment au­thor­ity ap­proved the $1.8 mil­lion tax break. The deal would in­clude the county au­thor­ity re­fi­nanc­ing Perry’s jet with a $35.3 mil­lion bond pack­age and a 10-year tax abate­ment plan. Cobb County of­fi­cials say the plane at McCol­lum Filed will cre­ate 10 high-pay­ing jobs. Of­fi­cials say schools would end up re­ceiv­ing $733,000 in new prop­erty taxes from Perry’s plane.

De­spite the in­cen­tives, the news­pa­per re­ports the county gov­ern­ment would re­ceive $400,000.

Un­der the code name “Project Meat­loaf, ”Perry’s firm would reg­is­ter and base the Em­braer ex­ec­u­tive plane in Cobb County.

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