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IVCC to take legal action against Putnam County

Posted by wlpo on April 9, 2011

A disagreement over taxes abated on the ethanol plant in Putnam County has Illinois Valley Community College officials ready to take legal action.

At issue are property taxes that have been abated for Marquis Energy, LLC.  The plant is located in the Bureau-Putnam Enterprise Zone, meaning it’s eligible for property tax abatement for 10 years.

College President Jerry Corcoran says the resolution the board of trustees approved was to only abate taxes on properties with improvements after July 1, 2007.  He says Marquis Energy’s construction began before that date.  He says it was never the board’s intention to abate taxes on the ethanol plant.

Corcoran says IVCC stands to loose $1.4 million over ten years, or about $140,000 a year.   He says they’ve tried to avoid litigation, but now they have no other option but litigation.  The first year of the abatement was 2009.

The complaint is being taken to the Putnam County circuit court.

The AM 1220 WLPO news team was unable to reach the Putnam County Treasure’s office.

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