City Council to vote on GE Aviation tax abatements

General Electric

LAFAYETTE, Ind. (WLFI) – A large tax break could be coming to one of Lafayette’s newest manufacturers.

The Lafayette City Council will vote on two tax abatements for GE Aviation. The first is a 10-year tax abatement on personal property for the $53 million worth of equipment the company plans to install.

The second is a 10-year abatement for GE Aviation’s leasing company, Pure Lafayette LLC for real estate.

“The taxes will be phased in over 10 years. The first year they’ll pay a percentage, the second year a percentage, so it gives them a chance to get up and running,” said Lafayette Mayor Tony Roswarski. “We also generate some tax revenue and, of course, at the end of the process, we get the full amount and we got 200 great paying jobs here.”

The council will also vote on two zoning requests. One for a dozen two-story town houses known as the Centennial Townhomes on Brown Street. The other is for a property on N. 36th Street to be zoned as General Business.

WLFI.com provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language, off topic, or racial slurs, will be banned. Please be respectful of the opinions of others and keep the conversation on topic and civil. If you see an inappropriate comment, please flag it for our moderators to review.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s