FISHER COUNTY HOSPITAL DISTRICT REWORKS TAX ABATEMENT AFTER PROJECT VALUE QUESTIONS

Board approves amended abatement agreement tying annual payments to taxable value
  • Partner with Kelly Hart & Hallman and counsel representing FCHD, attorney Jeff Allen speaks to officials before the board of directors unanimously approved the amendment to Innovative Solar’s tax abatement agreement during the June 29 meeting.
    Partner with Kelly Hart & Hallman and counsel representing FCHD, attorney Jeff Allen speaks to officials before the board of directors unanimously approved the amendment to Innovative Solar’s tax abatement agreement during the June 29 meeting.

    The Fisher County Hospital District Board of Directors approved an amended tax abatement agreement with Innovative Solar 245 LLC on June 29, replacing a fixed payment structure with a variable formula tied to the project’s taxable value and resolving earlier concerns about inconsistent investment figures.

    The action follows the board’s decision in May to table the agreement after questions surfaced…