News and Tribune

Clark County

May 10, 2013

Jeffersonville could see revenue bump

City UEZ director: Some businesses have not paid fee

(Continued)

JEFFERSONVILLE —

“In this case ... I think it was our obligation to bring it, and to review it, and to approve it and we didn’t do that,” he said. “I think it would be wrong to go back and pull that away from them. For 2013 we need to look at it a little bit harder and maybe pull some of these abatements.”

Tied to the abatements was something else the city had overlooked.

“Each company pays a fee to us for their tax abatement, typically it’s 10 percent. We have not been billing for those fees,” Phillips said.

She added that she did not know how much money it amounted to, and she was waiting to hear back from Umbaugh and Associates — an Indianapolis financial firm — on what figures the city had failed to collect.

The fee, of about 10 percent, is calculated off the tax rate deduction received by the business. The list of companies included in the city council agenda that have received an abatement over the past two years included 18 or more businesses each year.

“We will be sending these companies letters in the next few weeks for the fees for the last three years,” Phillips said. “The companies should be expecting it. It was in the resolution. If the company is not able make the payment we’ll work with them.”

The compliance forms from 2011 and 2012 were unanimously approved by the council.

 

MORE ABATEMENTS APPROVED

In addition to the abatements that already exist, three new tax abatements for Jeffersonville businesses were unanimously approved by the council Monday.

The abatements were for Accentf(x), Heritage Hardwoods and Steel Dynamics.

Accentf(x), a local database marketing agency, will receive an abatement as it plans to retain $1.1 million in payroll with 35 direct-mail production jobs at its Jeffersonville facility following a merger. The company also received an abatement for $200,000 worth of equipment.

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