News and Tribune

Clark County

May 10, 2013

Jeffersonville could see revenue bump

City UEZ director: Some businesses have not paid fee


An oversight in paperwork for tax abatements in Jeffersonville may allow the city to collect thousands of dollars in owed revenue.

According to Jeffersonville Urban Enterprise Zone Director Kelly Phillips, a number of businesses have not been paying a 10 percent fee to the city as part of a tax abatement they receive. Phillips explained that part of the process for a host of businesses located in Jeffersonville that receive tax abatements is to file a compliance with statement of benefits form — CF1 — annually. The form documents the progress the company has outlined in order to receive its tax abatement.

However, the compliance forms from 2011 and 2012 have not been officially approved by the council.

“The companies, basically, aren’t aware that this has been an issue because they are still receiving the abatement,” Phillips said. “The issue would be if we decided not to approve one of these abatements. We sent everything out, it just wasn’t formally approved at [a] council meeting. The companies were still told to file on time. They still did that.”

Tax abatements allow companies to avoid paying taxes on improvements to buildings or equipment and are usually spread out over a 10-year period. Each year the abatement, or amount the company is required to pay, increases incrementally until the company, at the end of the abatement, is paying full value on its property. The abatements allow companies to mitigate the upfront costs of improvements or expansions.

The sentiment of the council was to move past the two years the abatements were not monitored. 

“We’re being retroactive, and I’m saying it was kind of our fault that we forgot to send it out,” said City Councilman Dennis Julius, referring to the paperwork.

Councilman Ed Zastawny agreed and added that he wants to ensure the proper procedure is followed starting this year.

Text Only | Photo Reprints

Easter 2014 photos

Click on any photo to purchase it.

Twitter Updates
Follow us on twitter
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
AP Video
Raw: Corruption Trial Begins for Former Va Gov. The Carbon Trap: US Exports Global Warming UN Security Council Calls for Gaza Cease-fire Traditional African Dishes Teach Healthy Eating 13 Struck by Lightning on Calif. Beach Baseball Hall of Famers Inducted Israel, Hamas Trade Fire Despite Truce in Gaza Italy's Nibali Set to Win First Tour De France Raw: Shipwrecked Concordia Completes Last Voyage Raw: Sea Turtle Hatchlings Emerge From Nest Raw: Massive Dust Storm Covers Phoenix 12-hour Cease-fire in Gaza Fighting Begins Raw: Bolivian Dancers Attempt to Break Record Raw: Israel, Palestine Supporters Rally in US Raw: Air Algerie Flight 5017 Wreckage Virginia Governor Tours Tornado Aftermath Judge Faces Heat Over Offer to Help Migrant Kids Kangaroo Goes Missing in Oklahoma More M17 Bodies Return, Sanctions on Russia Grow Raw: Deadly Tornado Hits Virginia Campground
2013 Photos of the year

Take a look at our most memorable photos from 2013.