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. Council Approves Tax Abatement for Huntington Sheet Metal, Inc.

Council Approves Tax Abatement for Huntington Sheet Metal, Inc.

September 13, 2024
The Huntington City Council unanimously approved a request for tax abatement made by Huntington Sheet Metal entities DKE, LLC; DANBAR Properties, LLC; and Huntington Sheet Metal Inc., as the company considers investing an additional $5,000,000 in Huntington.  The vote was conducted at the public meeting of the Common Council on September 10, 2024.
 
Mark Wickersham, executive director of the Huntington County Economic Development Corporation, thanked company owners, Huntington natives, Daniel and Barbara Drummond, for their continued investments in Huntington.  Wickersham also explained to Council that tax abatement (sometimes referred to as "tax phase-in") is an incentive which has been used in Indiana since 1977 and is not a disbursement of tax dollars, but rather, a discount of the tax liability over time.  In this case, the company requested a ten-year abatement schedule.  The tax liability increases by 10% each year as the abatement decreases annually in the same manner.
 
Tax abatements also include an annual compliance process which requires the taxpayer to annually file a compliance form, known as a CF-1, allowing municipalities the opportunity to annually evaluate if the abatement and associated projects have been successfully compliant.
 
Wickersham continued by adding, "the current, existing tax liability of the company is not effected by the abatement request."  Huntington Sheet Metal and its entities are significant property taxpayers in Huntington and their existing liabilities continue, unchanged by Council's approval.
 
City Councilman David Funk extended his thanks and appreciation on behalf of Council.  Wickersham added that, "this family's company and employees are among Huntington's finest corporate citizens and our Community is very honored and proud of you,"  Wickersham said.  "Thank you for continuing to believe in and invest in Huntington," he concluded.
 
For more information about Huntington Sheet Metal, visit their company website at www.hsmetal.com.
 
 
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