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.
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.
Indiana State Senate unanimously approved a bill to create tax breaks for data center construction in the state.
The bill will exempt data center equipment and most electricity used at a facility from business personal property tax as well as the state’s seven percent sales tax.
Wal-Mart will save more than $10.7 million in property taxes over 10 years on its new $165 million mile processing plant thanks to Allen County Council — a facility that will create substantially more jobs than originally announced.
Read More… Wal-Mart milk plant gets $10.7 million tax breaks, ups job estimate – Local – News-Sentinel.com
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.
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.
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.
BLOOMINGTON, Ind. (Aug. 25, 2015) — A tax court ruled in favor of a CVS store in Bloomington, the latest in a series of cases that has county assessors calling for action.
The Bristol Town Council approved a five-year tax abatement for Talon Products LLC at its meeting Aug. 20. Talon is buying the equipment, and N&D LLC is buying the property in the Bristol Park for Industry.
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/