Terre Haute tax abatement policy

A property tax abatement lets a company pay reduced property taxes for a set number of years in exchange for investment and jobs. Terre Haute's practice had been to recommend a flat 10-year, 0% abatement; the Economic Development Corporation now scores projects first. Companies holding an abatement file a yearly CF-1 form, which the council reviews for substantial compliance.

Also known as: tax abatement policy · tax abatement scoring criteria · abatement scoring process · 10-year abatement · why does that company get a tax break · property tax abatement Terre Haute