S. Beloit Council OKs sales tax abatement deal

Print Article

SOUTH BELOIT - The South Beloit City Council approved a sales tax abatement agreement with Mid-States Concrete Industries Monday, which was part of the incentives the city offered to the company so it would annex into the city limits.

The sales tax, or Retailer's Occupation Tax, abatement allows the company to keep 50 percent of the city's portion of sales tax on items the company sells. The agreement term is to last for 10 years. Mid-States Concrete at 500 S. Park Ave., agreed to annex into the city in July of 2017, bringing about 60 acres of property the company owns into the city. The company had operated for years in an unincorporated area which was surrounded by property that already had become part of the city.

The city also is working to form a Tax Increment Finance (TIF) district which will offer further incentives for Mid-States Concrete.

Print Article

Read More Local News

Snow, frigid temperatures are coming to Stateline Area

January 22, 2019 at 10:14 am | BELOIT - The Stateline Area is in for another round of heavy snow to be followed by frigid temperatures. A Winter Storm Warning is in effect for the Stateline Area until noon on Wednesday, according...

Comments

Read More

Benefit for woman battling rare type of cancer planned

January 22, 2019 at 9:18 am | BELOIT - Family and friends have rallied around Riverside Terrace Activity Director Brooke Monyelle in her fight against a rare type of cancer, with a benefit planned next month. The public is invi...

Comments

Read More

Should students use desk wipes?

January 22, 2019 at 9:18 am | BELOIT - The School District of Beloit Board of Education will discuss whether to change its practice to prohibit the use of disinfectant wipes on desks by students. The issue is set to come up at ...

Comments

Read More

Woman files suit against Catholic Charities Community Connections

January 22, 2019 at 9:18 am | MADISON - A Beloit woman contends in a federal lawsuit that she was harassed and fired from her job at Catholic Charities' Community Connections program of Rock County due to her race. The suit file...

Comments

Read More

Contact Us

(608) 365-8811
149 State Street
Beloit, WI 53511

©2019 Beloit Daily News Terms of Use Privacy Policy
X