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Tasus Corporation Awarded Tax Abatement

The Monroe County Council has approved a tax abatement for Tasus Corporation, a car parts manufacturer. The abatement is on a $1.5 million personal property purchase.  Tasus officials say the machinery will help the business stay competitive as the changing automotive industry requires new product styles. The abatement is meant to allow the company to retain five jobs, but Tasus officials have already received word that their customers may be interested in increasing their orders.  That means Tasus would need to purchase another machine.   And in that case, County Council member Vic Kelson says that council would likely consider offering another abatement.

"The council’s been very consistent in granting abatements for these kinds of things especially when they’re creating or retaining as many jobs as Tasus certainly has, and the amount of money is not a large amount of money, but it’s a case where we’re working together to grow the local economy," said Kelson.

The abatement is pending agreement from both sides on a Memorandum of Understanding.

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