Action on a tax break for Lippert Components Inc.’s investment in a manufacturing plant in New Haven, Ind., will wait until September, at the earliest.
The Fort Wayne Journal Gazette reported that New Haven City Council members want to get more information on Lippert’s purchase of Signature Seating before granting Lippert’s request for $18,912 in tax abatements over five years. Lippert will not construct any buildings but plans to invest $678,160 in manufacturing, logistics and information technology equipment.
This month, Lippert, based in Elkhart, acquired Signature, known for making seating for pontoon boats, for $16 million. The council had been expected to vote on the tax abatements at its meeting Tuesday but deferred the action instead.
Brian Yoh, New Haven’s planning director, said city officials had several questions about Lippert’s Aug. 3 application and wanted to meet personally with company officials before any vote.
No one from Lippert, a wholly owned subsidiary of Drew Industries Inc., attended the meeting, he said.
“We like to have a sit-down (with the company) prior to approving anything, and we have not had that opportunity,” he said. “Lippert is trying to determine how they’re going to incorporate everything (purchased) into their business, and we want to make sure what they’re doing lives up to what the application says.”
Lippert sought the reduction in taxes based on a plan to install more than $678,000 in manufacturing, transportation and information technology equipment by 2018.
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