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Council waives late filing to restore tax benefit for Treadit Tire
Summary
The council adopted a resolution finding Treadit Tire and Wheel Company in substantial compliance and waiving a late filing to restore a phased personal‑property deduction tied to equipment installed in 2022; staff said the company exceeded its originally estimated investment and appealed the city's initial compliance finding.
The Elkhart Common Council unanimously adopted a resolution waiving noncompliance with the timely filing requirement for a Statement of Benefits (CF‑1) so Treadit Tire and Wheel Company Inc. can be found in substantial compliance and receive an intended property tax deduction layer tied to equipment installed in 2022.
Drew Wines, economic development staff, told the council that the company’s 2018 council‑approved personal‑property tax phase‑in estimated an investment of $4.4 million in manufacturing equipment. Wines said the company received…
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