The Knox County Council is considering a tax abatement for a local coal company.
Todd Davis from Sunrise Coal appeared before the Council at their meeting last night, requesting a 10 year property tax abatement from council members. According to Davis, Sunrise employs over 200 county residents between their Oaktown and Carlisle locations, and they bring over 600 employees into the county at their Oaktown location alone.
In the next few years, Sunrise is planning for new capital investment and to higher anywhere between 25 and 60 employees. Those employees could possibly be trained through Vincennes University, as an added bonus to the county.
Davis also noted Sunrise pays over $200,000 a year in county taxes.
The Council is taking Davis’ request under advisement. A public hearing is set to take place at a future meeting to give area residents the chance to chime in before a final decision is made