Published 3 years ago • loading... • Updated 3 years ago
Council approves 2023 tax abatements
Summary by Ground News
Cummins received more than $9 million in tax abatements for improvements to its local operations. Tax abatement occurs over a 10-year period in which companies pay 10% more on taxes each consecutive year. Cummins plans to put $2.6 million toward the personal property projects regarding Project GZ04 and $5.9 million toward new machinery.