© 2024 KGOU
News and Music for Oklahoma
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Tax Breaks Add Up For New Macy's Center Near Owasso

Gov. Mary Fallin at the Tulsa Regional Chamber to announce a $170 million Macy's fulfillment center in the Tulsa area - December 17, 2013.
Gov. Mary Fallin
/
Facebook

Macy's Inc. could receive up to $21 million in tax breaks and incentives for its $170 million order fulfillment center to be built in Tulsa County.

The Tulsa World reports the largest of those tax breaks would come from Tulsa County, pending approval from county commissioners.

The commissioners recently agreed to pursue the creation of a Tax Incentive Finance District that would exempt Macy's from property taxes on new construction for four years at its planned site for the center.

The county assessor's office estimates that the company could save more than $1.7 million per year — or more than $8.75 million over the life of the tax abatement. Under Oklahoma's incentive program, the state will pay Tulsa County the taxes that would have been owed by Macy's.

------------------------

KGOU relies on voluntary contributions from readers and listeners to further its mission of public service to Oklahoma and beyond. To contribute to our efforts, make your donation online, or contact our Membership department.

 

The Associated Press is one of the largest and most trusted sources of independent newsgathering, supplying a steady stream of news to its members, international subscribers and commercial customers. AP is neither privately owned nor government-funded; instead, it's a not-for-profit news cooperative owned by its American newspaper and broadcast members.
More News
Support nonprofit, public service journalism you trust. Give now.