Tax abatement a sweet deal – Chas Reilly – The Times

HOBART — Tax abatement has been finalized in association with Albanese Confectionery Group’s latest production expansion.

Albanese is investing about $60 million in manufacturing equipment for gummies and chocolate, and the company plans to begin the operations expansion project “almost immediately” now that the City Council has completed the traditional 10-year personal property tax abatement request, Mayor Brian Snedecor said.

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South Bend Common Council awards growing businesses property tax breaks – Jeff Parrott – South Bend Tribune

SOUTH BEND — The South Bend Common Council unanimously approved property tax breaks for six business development projects Monday night, including two that especially signal a strong local economy, a city administration staffer told the council.

The real and personal property tax abatements, combined, will give the businesses more than $7.6 million in tax discounts in exchange for creating 62 new jobs, or $123,161 of tax reduction per new job.

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Bill would reverse court ruling defining tax – Niki Kelly – The Journal Gazette

INDIANAPOLIS – A House panel approved a bill Monday that would reverse a court ruling on what constitutes a tax in Indiana.

Lawmakers are trying to undo an Indiana Tax Court ruling that could have profound negative impacts on local government finance around the state.

But even some of the legislators in support of the measure disagree with the basis of the bill – a user fee versus a tax.

Rep. John Young, R-Franklin, said he isn’t sure the case “is going to turn everything on its head” but that it puts the legislature in a tough position.

He added that you can call them fees all you want but “I don’t know why a stormwater fee that you can’t opt out of isn’t a property tax.”

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Merrillville community center could be partially funded by $14.9 million bond – Chas Reilly – KokomoPerspective.com

MERRILLVILLE — The estimated cost to construct a new community center hasn’t been determined, but town officials have been discussing a potential bond issue to help fund the development.

Recent discussions have involved pursuing a tax increment financing district bond of $14.9 million.

Town Council President Richard Hardaway said Merrillville hasn’t finalized the amount of the potential bond because town leaders are waiting for a final cost estimate for the construction of the center that will be located on land Merrillville has acquired in the 6600 block of Broadway.

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$4.4M in city tax breaks on track for approval – Dave Taylor – Tribune Star

Tax breaks for some significant industrial and commercial investments in Terre Haute are making their way through the approval process. The procedure requires two votes by the City Council, the mayor’s signature and action by the city’s Board of Public Works and Safety.

The public works board signed off Tuesday on property tax abatements totaling $4.4 million on $48 million in investments that businesses say will create or retain 158 jobs with annual payrolls totaling $8.2 million. Salaries would range from $42,567 to $75,000.

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Lower Property Taxes are Silver Lining for Landlords in Weak Retail Market – Esther Fung – Fox Business

In April, the Indiana Supreme Court handed Kohl’s Corp. a victory when it agreed not to review a lowered property assessment that was awarded to one of Kohl’s stores because of the growing vacancy and dropping values of other shopping centers in its area.

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If you think your business is overpaying property taxes, give us a call to find out. 219-472-8682.

Group calls for review of commercial tax assessments – Dave Taylor – Tribune Star

An outside review of commercial property assessments is the first recommendation from a group working for more efficiency in Terre Haute and Vigo County government.

A 10-member team study team chaired by restaurant owner Scott Womack released a report Wednesday charging that under-assessment is costing the city and county millions of dollars in property tax revenues.

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Decrepit Bank Highlights Pitfalls of Tax Sale System – JORDAN VANDENBERGE – TriState Homepage.com

It is just one of more than 600 properties that are up for sale at Vanderburgh County’s annual tax sale. But a century old building on Evansville’s west side is emblematic of what some describe as a broken system.

Built in the early 1900s, the former Howell Mortage Bank at 3000 Broadway Avenue has been a frequent flyer on the county’s tax sale list. According to property records, it has gone unsold at the annual tax sale every year since at least 2013. It has had five different owners — many of whom are limited liability companies — in the past decade.

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