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Board approves expansion of Coles County enterprise zone to allow residential tax abatements
Summary
Mattoon CUSD 2’s board voted to approve a county resolution to expand the Coles County enterprise zone to include residential projects, enabling a five‑year abatement schedule on increased assessed value, sales‑tax exemptions for building materials and waived permit fees; the joint application is expected in mid‑April–May.
William Hickey, who presented the proposal to the board, said the resolution would let the Coles County enterprise zone include residential projects and offer three incentives: a five‑year abatement on increased property valuation for new single‑family homes, a sales‑tax exemption certificate for building materials permanently affixed to a structure, and a waiver of local permit fees. Hickey told the board municipalities including Mattoon, Charleston, Oakland and Ashmore had passed related resolutions and that a joint application to the Illinois Department of Commerce and Economic Opportunity…
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