Tyson

Tyson Fresh Meats may earn up to 20 percent of the new state taxes they will pay over the 10-year life of the agreement in the form of a post-performance Economic Development Finance (EDIF) tax credit rebate. As part of the contract with Tyson, the GOED Board of Directors has approved an EDTIF post-performance tax credit not to exceed $5,258,324 and a post-performance Industrial Assistance Fund economic opportunity for the last-mile infrastructure of $300,000 representing 20 percent of the estimated $27,791,620 of new state revenue, which may be earned over 10 years. Each year Tyson meets the criteria in its contract with the state, the company will earn a portion of the total tax credit rebate.