Eldridge Said Higher Dollar Tax Should Come Back To City
Cookeville Vice-Mayor Luke Eldridge said residents unhappy about property tax increases should pressure legislators to change the sales tax rules on higher-priced items. Eldridge said Tennessee’s Single Article Cap Tax puts a 2.75 percent limit on the sales tax that can be collected by the city on singular items between $1,600- $3,200. Tennessee increased the […]
Board To Look At Possible Changes To Business Incentives
The Cookeville Industrial Development Board will meet Wednesday to discuss incentive changes designed to attract more businesses. Cookeville Industrial Development Board Chairman Bob Bell said the board currently offers PILOT (Payment in Lieu of Taxes) and TIF (Tax Increment Financing) incentives to attract businesses and boost economic development. Bell said the board is updating its […]
