Mohawk Fine Papers gets 5-year $177,338 tax break for South Hadley plant
The state Economic Assistance Coordinating Council on Wednesday approved the town's five-year tax break for New York-based Mohawk Fine Papers Inc. which plans to begin producing 500 million envelopes next year at a plant they will lease on Gaylord Street The state action means the special tax assessment will provide Mohawk a 100 percent real estate tax break the first year, 75 percent the second year, 50 percent the third and 25 percent the fourth. The company begins paying the fully assessed value of taxes in the fifth year. South Hadley Town Meeting unanimously approved the STA last month.
Login to comment.