Parker Poe Consulting (in partnership with Parker Poe Adams & Bernstein) has finished assisting multiple county governments with 2019 GASB 77 reporting obligations. These obligations include the calculation of tax abatements, written citations and preparation of memos to affected taxing entities.
As a shift in tax year 2019, economic developers and county government officials should note that the new property value exemption for manufacturers will affect tax abatement calculations.
For additional guidance on local government reporting obligations and compliance under GASB 77, please contact Parker Poe Consulting.
Parker Poe Consulting is a corporate site selection and economic incentives consulting firm. The Parker Poe Consulting team provides site selection services to find data-driven solutions for clients who are expanding their footprints and considering new capital investment and job creation. Parker Poe Consulting also provides economic incentives consulting services to growing companies, helping clients navigate and negotiate incentives for economic development projects. From global conglomerates to family-owned businesses, Parker Poe Consulting positions companies to make informed project decisions that will maximize operational effectiveness while reducing costs.