New Albany set to give 30-year tax abatement for Intel’s ‘mega-project’

in Local News

COLUMBUS, Ohio (COLUMBUS BUSINESS FIRST) – New Albany is set to pass its longest tax abatement ever for Intel’s $20 billion semiconductor manufacturing campus.

The California-based tech giant is scheduled to receive a 30-year, 100% property tax exemption for land improvements, pending approval at Tuesday’s city council meeting, according to city council documents.

Typically, projects receive exemptions no greater than 15 years, according to the city’s website.

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