Broadband providers looking to expand services in northern Monroe County can now seek a tax exemption to help defray some costs if their project takes place within a certain designated area.

The Monroe County Board of Commissioners approved on Wednesday creating an Infrastructure Development Zone in northern Monroe County. The creation of the zone would allow the county to approve a personal property tax exemption to encourage utility investments — specifically broadband — in the area.

In taxation terms, personal property refers to the equipment that businesses use to produce income, according to the Indiana Department of Local Government and Finance website.

The tax exemption “shall only include the installation of fiber to homes, businesses, schools and publicly owned buildings,” according to the ordinance creating the development zone. “The exemption shall not be available for maintenance and refurbishment to existing facilities or land that the infrastructure is located on.”

In addition, the tax exemption will only be made available to broadband infrastructure projects completed within the next five years, the ordinance states.
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