Tax Break Approved For Chattem's Expansion

Wednesday, July 2, 2014

A four-year tax abatement for Chattem has been approved for an upcoming expansion due to create 25 new jobs.

If the St. Elmo firm follows through on a second phase creating another 25 jobs, the tax abatement would extend for a total of nine years.

Chattem plans to spend up to $8 million in the first phase - mostly for new equipment. It plans to spend up to $15 million in the second phase.

The firm will pay $198,000 each year on the school tax during the abatement.


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