The initiatives, known as freeport exemptions, are intended to attract and retain manufacturing and logistics industries, according to the city.
Voters passed each of the ballot measures by about 2-to-1 margins.
The exemptions on local ad valorem taxes apply to:
- Inventory of goods in the process of being manufactured or prodocued, including raw materials and partly finished goods.
- Finished goods produced in Georgia within the last 12 months
- Finished goods stored in Georgia within the last 12 months and destined for shipment out of state
Residents in the city of Stone Mountain approved a similar tax break, making them the first two DeKalb County cities to do so. The county adopted a version of the freeport exemption in 1977.