Putnam County Board Joins Bureau-Putnam Enterprise Zone
Putnam County is in the zone.
The Bureau-Putnam Enterprise Zone anyway.
The PC board on Thursday voted to pass a resolution joining the zone, abating taxes imposed on certain business properties in the district.
The board also allowed properties whose current 10-year abatement had ended prematurely be-cause of the state’s cancellation of the previous zone to have their abatement extended into the new district.
The caveat, and why the board has taken so long to join the zone, is its decision to remove the abatement for the ambulance service from both the new and old zones.
While the first year these abatements cease for current projects will only bring in approximately $900 for the ambulance service, the second year will see a $45,000 payment to the service.
Source: News Tribune
The Bureau-Putnam Enterprise Zone anyway.
The PC board on Thursday voted to pass a resolution joining the zone, abating taxes imposed on certain business properties in the district.
The board also allowed properties whose current 10-year abatement had ended prematurely be-cause of the state’s cancellation of the previous zone to have their abatement extended into the new district.
The caveat, and why the board has taken so long to join the zone, is its decision to remove the abatement for the ambulance service from both the new and old zones.
While the first year these abatements cease for current projects will only bring in approximately $900 for the ambulance service, the second year will see a $45,000 payment to the service.
Source: News Tribune