Annex 41 student apartment developer reducing tax abatement request – Tribune Star – Sue Loughlin

The developer of a new student apartment complex at 220-224 N. Third St. is seeking a five-year tax abatement from the city, according to an amended application filed with the city clerk’s office.

The Terre Haute City Council is expected to discuss the abatement during tonight’s sunshine meet, which begins at 6 p.m.

Earlier, the Indianapolis-based private developer of Annex 41 had requested a nine-year tax abatement for the $25 million student housing project, which would be on property currently owned by the Terre Haute Boys & Girls Club. But on Wednesday, the attorney for the developer — Annex Student Living — submitted an amended application for a five-year abatement.

Read More…http://www.tribstar.com/news/local_news/annex-student-apartment-developer-reducing-tax-abatement-request/article_e39b0c32-fbe8-5dcc-8c15-742806e949c8.html

D & L Wood granted abatements by Crown Point – NWI Times – Phil Wieland

CROWN POINT | D & L Wood Products received approval for two tax abatements from the City Council last week to expand its business.

The company bought the former Babe Ruth fields on Indiana Avenue from the city earlier this year and plans to build a 25,000-square-foot office and warehouse building on a portion of it. The project is valued at almost $2 million, and the company plans to bring in about $250,000 in new equipment, including a $200,000 computerized inventory management system.

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Counties Not Exempting Business Personal Property Tax – News – Indiana Public Media – Payne Horning

The business personal property tax exemption, which lawmakers spent most of the 2014 session debating, recently became available for local governments.

Supporters said the option could allow counties to be more competitive, but counties so far aren’t taking advantage of the new tool.

Read More:  http://indianapublicmedia.org/news/counties-exempting-business-personal-property-tax-85634/