Macy's Getting Tax Break For Building In Tulsa County
TULSA COUNTY, Oklahoma - Earlier in December, department store giant, Macy's, announced it's building a big distribution center outside Owasso.
It will make Macy's one of Tulsa County's largest employers.
One of the incentives the county made with Macy's, if it built in the county, was the company wouldn't have to pay property taxes for at least four years once the facility is built.
The county said it had nothing to lose because the field where the building will sit isn't generating any taxes now.
The business is expected to generate $80 million a year and add 2,500 jobs to the workforce.
There will be two public hearings next month to approve the tax plan.