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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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.

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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.

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