Panama City Florida seeks tax breaks to attract new businesses
PANAMA CITY — City commissioners agreed Tuesday to add a tax abatement question to the April 20 ballot to help businesses in the city. The proposed property tax exemption, if approved by voters, would be used by the Bay Economic Development Alliance to attract new businesses to the area. The tax exemption has been a tool that Bay EDA officials have previously relied on to attract businesses to Bay County and Panama City. The tax exemption usually is added to the ballot every 10 years, but it slipped through the cracks for its latest renewal. It was voted on in 2009 and has since ...