City officials endorsed the general idea of a half-cent sales tax increase at the Tanger Outlet Center on Thursday, but said the final ordinance will take at least four months to work out.
Tanger representatives asked the city to pass the tax only for the mall site on Ala. 59. The change would increase municipal sales taxes from 2 cents to 2cm HALF cents at the mall, and bring the total sales tax to 8cm HALF cents, according to the proposal.
The extra half-cent would go back to the Tanger Outlets corporation, based in Greensboro, N.C., to be used to promote the Foley mall and to provide incentives to bring in more merchants, Kevin Dillion, Tanger senior vice president, told council members. The tax rate would still be the same or less than the rates in most surrounding cities, Dillion said