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Board OKs tax incentive for test reactor project

Board OKs tax incentive for test reactor project Oakridger The Oak Ridge Industrial Development Board recently approved a tax incentive for a test reactor called Hermes at the East Tennessee Technology Park in the west end of the city. City Manager Mark Watson laid out the recommended payment in lieu of taxes (PILT) agreement in a letter to the Industrial Development Board (IDB) before the board approved the proposal.  The city plans to offer a 10-year, 50% tax abatement for any land, buildings and personal property subject to property taxation that is part of the project.  Watson recommended the applicant, Kairos Power LLC, choose a period of 10 consecutive tax years for the agreement, commencing with the 2022 tax year but ending not later than the 2034 tax year, to receive this abatement.

Governmental Meetings

Governmental Meetings Environment The Environmental Quality Advisory Board will meet virtually at 6 p.m. Thursday. The public can view a live stream of this and the IDB meeting at http://oakridgetn.gov/online/streaming, and a video recording of this meeting and the IDB meeting will be available within two business days of each meetings at http://www.oakridgetn.gov/content.aspx?article=2949.  ANDERSON COUNTY ADA The Americans with Disabilities Act Committee will meet virtually at 2 p.m. Monday. ACTV will not stream this meeting.  Charter The Charter Commission will meet at 6 p.m. Monday virtually and in Room 312 of the Courthouse in Clinton. It will stream at www.andersoncounty.tv/live. It will also be broadcast on Comcast Channel 95 and for ATTU-Verse subscribers, Channel 99 for Anderson County residents.

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