State Beverage News

Polk
Date Created: 06/13/22
Last updated: 06/13/22

Polk County, FL to Hold Public Hearing Related to Tax Exempt Status of Coca-Cola Beverages Florida, LLC
On February 16th, 2021, the Board adopted Ordinance No. 2021-012 establishing an exemption from certain ad valorem taxation for an expanding business, Coca-Cola Beverages Florida, LLC. The County and the company also entered into a related Ad Valorem Tax Exemption Performance Agreement on the same date to ensure the company’s fulfillment of its obligations under the Ordinance. The Exemption Period, as defined in both the Ordinance and the Performance Agreement, was to run for three (3) years, from Tax Year 2022 through Tax Year 2024. Due to various delays, the company did not complete its real property improvements and equipment purchases by the end of 2021 and has requested that the Ordinance and Performance Agreement be amended to roll the Exemption Period forward by one (1) year, to commence in Tax Year 2023 and run through Tax Year 2025.

Issue History
06/13/22 The Commission will hold a public hearing at the 6/21/22 meeting.


Related Documents
6/21/22 Background
6/21/22 Agenda

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liz.castro@flabev.org

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