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Council approves 2026 tax abatement compliance report; staff finds businesses in compliance
Summary
Staff reported 22 active real property abatements and recommended continuation after reviewing CF-1 forms; council approved the annual tax abatement and deduction compliance report.
Anna Zabel, the town’s economic development specialist, presented the 2026 annual tax abatement and deduction compliance report. She told the council that for fiscal year 2026 (pay year 2027) the town has 22 active real property tax abatements, seven approved abatements where the project is under development but not yet assessed, seven active personal property abatements and other items included in the packet.
After staff reviewed CF-1 forms (the compliance filings required by Indiana State Code and the town’s incentive policy), Zabel said staff determined that businesses are in compliance and recommended continuation of all active abatements and deductions. Council approved the report by voice vote and thanked staff for the review work.
The compliance report is an annual check required by state code and the town’s incentives policy to ensure recipients meet their employment or investment commitments tied to abatements.
