City Councilman Russ Jehl has a proposal to amend Fort Wayne’s tax abatement policy.
Jehl, R-2nd, said Tuesday that updating the policy is necessary to better reflect the council’s views.
Tax abatements are a popular economic development tool offered by municipalities to entice business investment. Abatements phase in business personal property taxes over a period of time, typically five to 10 years.
Need help with a tax abatement? Overpaying on your property taxes? Call us today and see how we may be able to save you valuable tax dollars. 219-472-8682. www.innotaxsolutions.com
CHEYENNE, Wyo. (AP) — A judge on Wednesday agreed to let Peabody Energy go ahead and pay nearly $30 million in property taxes in four states while the coal company goes through bankruptcy reorganization.
The decision in federal court in St. Louis should help end uncertainty for communities in Colorado, New Mexico, Wyoming and Indiana.
INDIANAPOLIS | Indiana maintained its eighth-place ranking for best business tax climate, while the expiration of a temporary tax hike helped Illinois climb to 23rd, according to the nonpartisan Tax Foundation’s 2016 state ratings.
Indiana counties are seeking help getting property tax dollars from parcels that pay little or nothing.
$17 billion dollars in Indiana land is tax exempt because it’s religious or government property, forest land, or the property of a nonprofit. Counties say they’re losing money, but Association of Indiana Counties executive director David Bottorff says it’s also a fairness issue — the county has to provide services no matter how much a property pays in taxes.
CHICAGO | Chicago’s City Council easily approved a budget Wednesday with a massive property tax hike and other fees to help close a shortfall and improve the city’s underfunded pension system.
INDIANAPOLIS — Indiana Farm Bureau delegates called for property tax relief and higher gas taxes during an annual delegate session Aug. 29.
More than 260 people from across the state met to discuss policies that will guide the organization through 2016. It’s the most important meeting of the year, said Don Villwock, president of Indiana Farm Bureau.
The St. Joseph County Commissioners Tuesday voted unanimously against increasing property tax bills to fund work on the county’s larger bridges. READ MORE