2018 Industry Update set for this Friday, March 16


 

 

A luncheon seminar serving as a primer for county business and industry on guidelines for ad valorem and real property tax reporting, as well as accounting implications of 2018 federal tax law changes, will be held at the Wallace State – Oneonta Campus building this Friday from 11:30 a.m. until 1 p.m. Representatives from the Alabama Department of Revenue in Montgomery will provide information and explanations.

Other topics include a rundown on state incentives for industry and manufacturers, workforce initiatives and training available through Wallace State – Oneonta, and a report on recent development projects.

The session is the first in a series of update meetings called “Lunch and Learn” which will be conducted periodically by the Blount County Economic Development Council (BCEDC).

“We’ve identified the need for businesses and industries locally to understand better how to fill out some of the forms and questionnaires in connection with ad valorem and property taxes, as well as to understand some of the effects of the new federal tax laws that local comptrollers may not have picked up on yet, and that’s the main focus of this meeting,” said Don Mitchell, executive director of the BCEDC. “We’re just trying to identify things local industry people are interested in and trying to meet their need to know about availabililty of workforce training.”

Mitchell said it’s possible that, if their equipment inventories are not continually updated, some companies may be paying too much in equipment taxes on old, outdated equipment or equipment they no longer own.

Those interested in attending are asked to RSVP to Lisa Baker at 601-1852 or at lbaker@blountedc.com by Wednesday, March 14. Lunch will be provided.