Tax abatements are now under close scrutiny in Daviess County after some companies who have gotten them haven’t filed the necessary yearly paperwork.
The county currently has somewhere around a dozen tax abatements that are open. Of those, several companies have yet to file the required CF-1 forms. The forms are designed to keep the county updated on progress towards goals stated in the abatement. That includes progress on filling the number of jobs covered in the abatement.
Now last month, county attorney Grant Swartzentruber sent out letters to remind the businesses that the forms need to be filed. Officials say they aren’t necessarily concerned about businesses intentionally not filing the forms nor do they intend to remove the abatements. Rather, they say they are looking to see how the business is doing with the abatement and compare that progress to the original application. Officials hope to have the forms in hand at the next county council meeting on May 7th. The deadline for the forms is May 15th.
Meanwhile, Governor Mike Pence announced recently that the state would be one of 7 to participate in a review of economic development incentives. The study is being led by the Pew Charitable Trusts and that group is studying which tax breaks and incentives have been effective in bringing businesses and jobs to the state. Pence says the state’s inclusion in the study will help Indiana to be more competitive.
Incentive packages are also offered through the Indiana Economic Development Corporation. However, that agency has refused to make job creation numbers public to this point.
Other states in the study are Louisiana, Maryland, Michigan, Oklahoma, Tennessee, and Virginia.