New Castle News

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April 10, 2014

Shenango to consider tax abatement

NEW CASTLE — The Shenango Township supervisors will consider offering a five-year sliding tax abatement for businesses at a special meeting Thursday.

A public hearing on the measure is set for 6 p.m. at the township building to get input on the abatement, which is designed to attract industrial and commercial development to the township.

The abatement, township officials said, would provide tax relief for five years on a sliding scale. Township taxes would be completely forgiven the first year, and the abatement would decrease to 80, 60, 40 and 20 percent over the next four years. In the sixth year, the business would begin paying full taxes.

A copy of the full text of the ordinance is available at the municipal building for inspection.

The abatement also is on the agenda for adoption at Monday’s meeting of the Shenango Township school board.

The Lawrence County commissioners recently adopted the same tax abatement being considered by the township to replace one which provided only three years of partial tax relief.

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