Newspaper Page Text
Page 8
— Griffin Daily News Thursday, December 11,1975
Option
freeport
gets nod
ATLANTA (UPI) - A joint
legislative committee has
agreed to recommend passage
of a local-option freeport law
granting property tax exemp
tion for finished goods ware
housed for out-of-state
shipment.
The amendment unanimously
adopted Wednesday by the
Joint Freeport Tax Study
Committee proposes a state
wide constitutional amendment
in 1976 on the question of
property tax exemptions. If the
amandment passed, local gov
ernments could then ask their
residents to approve the plan.
“Any loss of tax revenue for
the county will be more than
made up by the revenue from
new industries brought into the
community,” said Sen. Jimmy
Lester, D-Augusta, a prime
mover of the measure. “This is
one of the things that industry
looks for in settling into a new
community.”
The state Revenue Depart
ment estimates that if every
county adopted the measure it
would cost local governments
about sl2 million annually.
Committee members said the
measure would be immediately
adopted by border areas, such
as Augusta, Savannah and
Columbus, so the communities
can make themselves competi
tive with neighboring states.
Lester said Georgia is at a
disadvantage in competition
with Jacksonville, Fla., and
Charleston, S.C., for shipping
and industrial development
because those ports do not levy
a property tax on “goods in
transit.”
lister specified that although
counties would be allowed to
choose whether they want a
freeport exemption, they would
not be allowed to “pick and
choose” which product would
be exempt and which would be
taxed.
“I feel that if we let counties
pick and choose what they’re
going to exempt, you’re going
to have counties competing
with each other for exemptions,
and this is bad,” he said.
A statewide freeport meaure
was introduced in the 1975
General Assembly and is still
pending in a House committee.
Lester said such a law would
cost the state S7O million to $l2O
million to compensate counties
for lost revenue.
Scout
names
to orbit
CAPE CANAVERAL, Fla.
(UPI) - RCA-Satcom I, the
first commercial domestic sa
tellite in a projected $125
million RCA communications
system, will carry the names of
80,000 Boy Scouts into orbit
when it is launched from the
Kennedy Space Center Friday
night.
A blue and white decal with
the Boy Scouts’ names will be
affixed to the second stage of
the Delta rocket that will fire
the 1,021-pound satellite into
space at 8:47 p.m. The satellite
is slated to go into a final orbit
22,300 miles above the earth
over the equator due south of
Los Angeles.
The Federal Communications
Commission said the satellite
will provide television and
telephone service on an interim
basis to Alaska. However, a
final determination on which
communications corporation is
allowed to service Alaska on a
permanent basis will be made
later since American Telephone
& Telegraph and other compa
nies may challenge for business
at a later date.
The RCA system includes a
total of three satellites, each of
which will have 24 channels
which can provide 24 color
television channels or 24,000
telephone messages simul
taneously.
The 80,000 names on the
Delta rocket are those of all
new scouts during the first six
months of 1975 in the states of
Delaware, Virginia, North
Carolina, South Carolina, Geor
gia, Florida, Mississippi, Alaba
ma, Kentucky, Tennessee,
District of Columbia and the
Canal Zone. The names were
reduced to microdot form by
General Telephone in Tampa.
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