Thu Jun 22, 2017
Goshen, Indiana - The Goshen City Council members agreed Tuesday to allow Lippert Components to continue receiving tax phase-in benefits for three of its Goshen properties.
The council arrived at its decision following a hearing to determine whether ot not Lippert, a leading supplier of components to the recreational vehicles and other industries, was in compliance with a seven-year tax phase-in agreement established with the city back in 2013 connected to expansion plans for its properties throughout the city of Goshen, according to a story by The Goshen News.
A tax phase-in is a partial or temporary exemption of a company from having to pay property taxes with the express purpose of stimulating economic development. In Lippert's case, the approved tax phase-in was projected to save the company about $484,000 over the course of the seven-year agreement.