Vincennes City Council Approves Schott Abatement

Vincennes City Council has cleared the final hurdle toward Schott Industries’ request to secure a five-year abatement. The one-point-eight million dollar abatement covers equipment for a new line Schott will install at its facility in northern Vincennes.
Councl president Brian Grove says the Schott rental will make a major impact on Vincennes…
GROVE :12 oq … LOOK FOR
Grove believes this abatement is another move to make Vincennes look better for people working in the community…
GROVE :10 oq … MORE APPEALING
The abatement is a full tax break for the first y ear. After that, the abatement will drop by 20 percent per year, until the equipment gets fully taxed in the sixth year.