Your browser is unsupported on our website. Please update to the latest version of your browser. Thank you!
logo
  • German
  • Portuguese
260-356-5688
Report Builder
  • Living Here
    • Living Here
    • Tourism & Recreation
    • Educational Opportunities
    • Employment Resources
    • History of Huntington County
    • Businesses in Downtown Huntington
    • Find a place to live
    • U.S. CENSUS - Quick Facts
  • Core Industries
  • Incentives
    • Incentives
    • State Incentives
    • Local Incentives
  • Local Governments
    • Local Governments
    • City of Huntington
    • Huntington County
    • Town of Andrews
    • Town of Markle
    • Town of Roanoke
    • Town of Warren
  • Sites, Buildings & Data
  • Business Resources
    • Business Resources
    • Accountants/Accounting
    • Airports
    • Banking and Financial Services
    • Electric
    • Fulfillment & Warehousing
    • Real Estate
    • Information Technology
    • Insurance
    • Investment Brokers
    • Lodging
    • Marketing
    • Natural Gas
    • Railroad
    • Telecommunications
    • Hardware & Paint Supplies
    • Office Supplies
  • Map Room
  • About Us
    • About Us
    • Videos About Us
    • Electronic Documents Library
    • The Basics of Economic Development Radio Commentaries on Z103.com
    • Staff
    • Board of Directors
    • Investment Partners
    • News
    • Demographic Report
  • Contact Us
You are here:
  1. Home
  2. Business Resources
  3. Accountants/Accounting
  4. City Council Approves Tax Phase-in for Bendix

City Council Approves Tax Phase-in for Bendix

December 1, 2023
The Huntington City Council voted unanimously at their November 28th meeting to approve a phase-in of property taxes for Bendix Commercial Vehicle Systems (Bendix) as the company invests over $22 million in new logistical and information technology equipment for use at their Huntington facilities.  Knorr-Bremse of Germany is Bendix' owner and Bendix is the largest property taxpayer in Huntington and one of the City's finest corporate citizens.
 
Property tax phase-in, or what was historically known as abatement, has existed in Indiana as an economic development incentive since adopted by the Indiana General Assembly in the 1970s. Property tax phase-in is not a cash award paid by the taxpayers to help a company nor does it reduce any current property tax liabilities a company may have. The process simply reduces the immediate liability associated with a NEW investment by companies and phases-in the liability over a period of time.
 
Again, the approval of tax phase-in (or abatement) does not result in budget outlays for the municipalities and are performance-based on the part of the company(s) involved. The value of the abatement is tied directly to the assessed valuation of what was actually invested by the company.
 
"We are so proud of the Bendix team," said Mark Wickersham, executive director of the Huntington County Economic Development Corporation.  "Huntington is very fortunate the Company continues to invest in our Community and we really appreciate City Council unanimously supporting the Company in this process," he concluded. 
Get in Touch With Huntington County!
Required
RequiredInvalid email.
Contact Us
About
Huntington County Economic Development is your ally in site selection and development. A nonprofit organization created by the business community in 1997, we provide businesses with many of the services they need for start-up, expansion, relocation, incentives and workforce development.
Huntington County United Economic Development Corporation
8 West Market Street Huntington, IN 46750
Phone: 260-356-5688
Email: mark@hcued.com
  • Living Here
    • Living Here
    • Tourism & Recreation
    • Educational Opportunities
    • Employment Resources
    • History of Huntington County
    • Businesses in Downtown Huntington
    • Find a place to live
    • U.S. CENSUS - Quick Facts
  • Core Industries
  • Incentives
    • Incentives
    • State Incentives
    • Local Incentives
  • Local Governments
    • Local Governments
    • City of Huntington
    • Huntington County
    • Town of Andrews
    • Town of Markle
    • Town of Roanoke
    • Town of Warren
  • Sites, Buildings & Data
  • Business Resources
    • Business Resources
    • Accountants/Accounting
    • Airports
    • Banking and Financial Services
    • Electric
    • Fulfillment & Warehousing
    • Real Estate
    • Information Technology
    • Insurance
    • Investment Brokers
    • Lodging
    • Marketing
    • Natural Gas
    • Railroad
    • Telecommunications
    • Hardware & Paint Supplies
    • Office Supplies
  • Map Room
  • About Us
    • About Us
    • Videos About Us
    • Electronic Documents Library
    • The Basics of Economic Development Radio Commentaries on Z103.com
    • Staff
    • Board of Directors
    • Investment Partners
    • News
    • Demographic Report
  • Contact Us
  • Home
  • Search
  • Report Builder
  • Privacy
  • Sitemap
© 2025 Huntington County United Economic Development Corporation