Indiana Economic Development Corp. won't pay property taxes on 9,000 Boone County acres, but the county may gain in the long-run [Yahoo! Finance]
Eli Lilly and Company (LLY)
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Source: Yahoo! Finance
While this means a loss of $410,000 in property taxes for the county this year, officials believe the long-term benefits of the LEAP Lebanon Innovation and Research District will outweigh the costs. The district is expected to attract high-tech companies, including Eli Lilly and Co., which has already invested over $13 billion in the area. The county has negotiated a deal with the IEDC to fund a comprehensive land use plan and local road safety plan, which could bring in up to $650,000 in funding. Nov. 18—The State of Indiana won't pay property taxes for 9,000 acres it has bought in Boone County because state and non-profit entities are exempt from paying property taxes. But Boone County Commissioners have worked a deal they hope will result in the state offsetting related expenses and relieving local taxpayers' burden on a state project that is meant to benefit all Hoosiers. The Indiana Economic Development Corp. has in recent years bought 9,000 acres. It is readying the land w
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LLY
Earnings
- 10/30/24 - Miss
LLY
Sec Filings
- 11/20/24 - Form 4
- 11/20/24 - Form 4
- 11/20/24 - Form 4
- LLY's page on the SEC website