Mobile Chamber Benefit-Cos! Analyst:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

City at Mobile
Company Name Wal-Mart Stores, Inc. Subsidiaries July 19, 2016
Exempt Years 20 Impact Years 30
Proposed Investment
Capital investment: Wages $65,000,000
Equipment $19,000,000
Material $45,000,000,
Land $0
total $129, 000, 000
Annual operation: Direct jobs 550
Annual salary perjob $35,000"
total annual payroll $19, 250,000
Taxes Exempted First Year Total Exempted
Ad Valorem Taxes Exempted
City: mobile
Mobile County
State of Alabama
Sales Taxes Exempted
City: Mobile
Mobile County
State of Alabama
Total Ad Valorem Sales Taxes Exempted
Taxes Collected - Unaffected by Exemption First Year Impact Years
Ad valorem tax for local public education $554,700 $16,641 ,000
Ad valorem tax for state public education $77,400 $2,322,000
Local government through expenditures
from construction wages $1,642,200 $1,642,200
from annual payroll $26,951,361
State government through expenditures
from construction wages $3,484,500 $3,484,500
from annual payroll $57,186,711
Total Taxes Collected Unaffected by Exemption $5,758,800 $108,227,772

 

Taxes Collected - After Exemption Period Ends

Ad Valorem Taxes after exemption ends

Post-exemption Years

 

 

 

 

 

City: mobile $0

Mobile County $5,289,000

State of Alabama $903,000

Total Taxes Collected after Exemption Ends $6,192,000
>Total Taxes Collected minus Exempted $99,110,772
Net Tax Bene?ts - exemptions not subtracted $114,419,772

 

>Total Cumulative Payrolls,including construction wages

$84,250,000