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Plymouth Common Council Approves Compliance Forms for Tax Abatements

April 25, 2019

City NEwsTwo more companies who have Tax Abatements from the City of Plymouth submitted their CF-1 Compliance Forms for acceptance.

Monday evening the Common Council approved the compliance forms for American Container’s 2014 real and personal property tax abatements and their 2017 real and personal property tax abatements.  Also approved was the 2016 real property tax abatement compliance form for DAC Enterprises.

Companies who have been granted tax abatements are required to submit an annual compliance form.  The CF-1 determines if the company is in substantial compliance by making sure the company has correct number of employees and salaries are at the right level, and that the cost and value of equipment purchased from the tax abatement matches what the abatement stated.