September 12, 1998 |
By
Keith Martin in Washington, DC
A GOOD IDEA IF IT WORKS . . . Orbital Sciences Corporation expects to save $2 million on state sales taxes in Virginia by having the local industrial development authority in Loudon County act as its “general purchasing agent” in connection with a $50 million expansion in the county. State and local agencies are exempted from paying sales taxes. The Virginia Department of Taxation has yet to approve the arrangement.
