City of Augusta to settle sales tax debt with airline repair company

Source: MGN Online
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Tuesday, March 8, 2016

AUGUSTA, Ga. (WRDW) -- Augusta leaders have decided how much they will pay to settle a debt with a company repairing private jets at Augusta Regional Airport.

According to the city's finance director, the city will pay StandardAero over $5 million in sales tax money owed to the company.

The money will be absorbed into the budget for the 2015 fiscal year, with $2.3 million coming from SPLOST VI and $1.9 million from a different sales tax fund.

In December, StandardAero told us they received sales tax money from Honeywell and would then make a payment to the state.

According to Georgia's Department of Revenue, Honeywell International was supposed to be exempt from paying sales tax.

The Richmond County School System, along with the cities of Hephzibah and Blythe are also on the hook for paying back sales tax money.