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Tax break approved for Tyler Perry’s plane outside Atlanta

FILE - In this Jan. 15, 2016 file photo, Tyler Perry participates in a panel for "The Passion" at the Fox Winter TCA in Pasadena, Calif. A tax break worth nearly $2 million was recently approved for a plane owned by one of filmmaker Tyler Perry’s companies in Georgia. Cobb County’s development authority approved the $1.8 million tax break. The deal would include the county authority refinancing Perry’s jet with a $35.3 million bond package and a 10-year tax abatement plan. (Photo by Richard Shotwell/Invision/AP, File)
FILE - In this Jan. 15, 2016 file photo, Tyler Perry participates in a panel for "The Passion" at the Fox Winter TCA in Pasadena, Calif. A tax break worth nearly $2 million was recently approved for a plane owned by one of filmmaker Tyler Perry’s companies in Georgia. Cobb County’s development authority approved the $1.8 million tax break. The deal would include the county authority refinancing Perry’s jet with a $35.3 million bond package and a 10-year tax abatement plan. (Photo by Richard Shotwell/Invision/AP, File) FILE - In this Jan. 15, 2016 file photo, Tyler Perry participates in a panel for "The Passion" at the Fox Winter TCA in Pasadena, Calif. A tax break worth nearly $2 million was recently approved for a plane owned by one of filmmaker Tyler Perry’s companies in Georgia. Cobb County’s development authority approved the $1.8 million tax break. The deal would include the county authority refinancing Perry’s jet with a $35.3 million bond package and a 10-year tax abatement plan. (Photo by Richard Shotwell/Invision/AP, File)

By Associated Press 1 min read

ATLANTA (AP) – A tax break worth nearly $2 million was recently approved for a plane owned by one of filmmaker Tyler Perry’s companies in Georgia.

The Atlanta Journal-Constitution reports that Cobb County’s development authority approved the $1.8 million tax break. The deal would include the county authority refinancing Perry’s jet with a $35.3 million bond package and a 10-year tax abatement plan.

Cobb County officials say the plane at McCollum Filed will create 10 high-paying jobs. Officials say schools would end up receiving $733,000 in new property taxes from Perry’s plane.

Despite the incentives, the newspaper reports the county government would receive $400,000.

Under the code name “Project Meatloaf,” Perry’s firm would register and base the Embraer executive plane in Cobb County.

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Information from: The Atlanta Journal-Constitution, http://www.ajc.com