Cobb judge approves Tyler Perry’s $1.8M tax break to park his jet there

Tyler Perry will get a $1.83 million cut in Cobb County taxes in exchange for registering and basing his luxury jet at McCollum Field.

On Thursday, Cobb Superior Court Judge G. Grant Brantley approved the last component of the package — a $35.3 million bond deal to refinance the aircraft.

State tax experts and former Cobb leaders said they doubted the deal was worth forgoing the money when Cobb’s development authority approved the deal in July.

Brian Hansen, one of the three Atlanta attorneys representing the film mogul with a reported net worth of $600 million, confirmed the bond validation but said he was under strict orders not to comment about the case.

Cobb OKs $405M budget, slashing funding to worried nonprofits

When asked if that was part of the deal or a condition set by Perry, the attorney said: “That’s just how I’m going to roll.”

Neither of the other attorneys were immediately available for comment Thursday.

Negotiations for the deal, which was given a code name of “Project Meatloaf” to keep talks private, began in May when representatives for Perry approached Cobb’s development authority.

“If you look at the amount of new persons and properties we put onto the tax rolls (and) as you look at the jobs being created as a result, it is a very positive project for Cobb,” said Nelson Geter, the development authority’s executive director, said Thursday.

Tyler Perry’s OWN exclusive deal ending with shows going to BET

The Embraer jet, listed by Aviation Week in 2015 at $53 million, will bring 10 jobs to the county, Cobb officials have said.

Perry’s company, ETPC Aviation LLC, already has two other aircraft at McCollum.

Over 10 years, officials say, schools would end up receiving $733,000 in new property taxes off the jet, while the county government would receive $400,000, despite the incentives. 

Tyler Perry to star in HBO biopic about Oscar Micheaux, groundbreaking filmmaker 

The amount the schools are giving up over the next 10 years, for instance, could pay the salaries of 28 teachers this school year.

Wesley Tharpe, research director at the Georgia Budget and Policy Institute, previously said the 10-job deal “strikes me as a very questionable return on investment.”

Geter said all that’s left now is the buttoning-up of the deal, which is similar to a real estate closing.

He said it could be done next week or “when the client wants to close it.”

Like Cobb County News Now on Facebook | Follow us on Twitter

Reader Comments ...

Next Up in Local

Community Lens for Nov. 23
Community Lens for Nov. 23

Calling amateur photographers! Have you taken a great picture that you’d like to share with the world? One with action, great lighting and/or interesting subjects? E-mail it to Please no selfies, for-profit promotional pics, group shots or anything you wouldn’t want your grandma to see.
Q&A on the News

Q: In the past several months I have noticed that we receive mail well past 6 p.m. at least two days a week. Are the mail carriers receiving overtime pay? Are these factors driving up our mail costs? —Gede Kalinauskas, Roswell A: Delivery times can vary throughout the year, often due to circumstances beyond the U.S. Postal Service’s control...
Questions, answers on American mass shootings
Questions, answers on American mass shootings

The massacre of 26 worshipers at a rural Texas church is the latest in a series of mass shootings across America in recent years. Each tragedy spurs arguments about gun violence, mental health, how much firearms should be regulated and what’s driving the prevalence of mass shootings. PolitiFact has worked for years to research these topics. Here...
Teen connected to Gwinnett man’s murder gets $500,000 bond 
Teen connected to Gwinnett man’s murder gets $500,000 bond 

A teen connected to a Gwinnett man’s murder may be getting out of jail soon, Channel 2 Action News reported.  Alex Powell, 17, faces an assault with intent to commit a crime charge after accepting a plea deal for his involvement in 21-year-old Akeem Turner’s murder, The Atlanta Journal-Constitution previously reported.  A judge...
Ex-DeKalb corrections officer convicted of rape may be hiding in South Georgia
Ex-DeKalb corrections officer convicted of rape may be hiding in South Georgia

A convicted former DeKalb corrections officer who fled during his rape trial may be hiding in Glynn County, authorities said.  Charles Pinckney has been on the run since Oct. 27, the day of closing arguments in his trial, The Atlanta Journal-Constitution previously reported. Pinckney was convicted and subsequently sentenced to 45 years for raping...
More Stories