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La Porte board rescinds Microsoft tax abatement; company to pay full property taxes
Summary
The Board of Public Works and Safety voted to rescind an existing taxpayer agreement with Microsoft for its La Porte project, a move the city said will require Microsoft to pay full real and personal property taxes and enable a new partnership between the redevelopment commission and the school corporation.
A presenter asked the City of La Porte Board of Public Works and Safety on March 3 to rescind a taxpayer agreement with Microsoft tied to the company’s planned La Porte project; the board approved the resolution, and city officials said they expect Microsoft to pay full property taxes on the project.
The presenter read a resolution “approving the rescission of a taxpayer agreement, including the termination of a tax abatement authorized therein,” and asked the board to support rescinding the agreement so Microsoft “will pay all of their property taxes, both real and personal property taxes, on their project in the city of La Porte,” the presenter said.
Why it matters: City officials said the rescission aligns the existing agreement with a recent pledge from Microsoft leadership not to seek local tax breaks on new…
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