Council reconfirms tax abatement for Verbio North America, extends designation period to 2030 amid federal delays The council unanimously adopted two reconfirming resolutions that preserve personal-property and real-property tax abatements previously granted to Verbio North America LLC and extended the project's designation period to Dec. 31, 2030. City staff and Verbio representatives said federal guidance delays for a 45Z production tax credit have slowed on

The South Bend Common Council has unanimously extended tax abatements for Verbio North America, allowing a $230 million investment in renewable energy to continue despite federal delays.

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Committee extends tax-abatement window for Verbio ethanol modernization amid federal guidance delays Community Investment Committee voted unanimously to forward two reconfirming resolutions (Bills 2542 and 2543) that extend the designation period for tax abatements for Verbio North America's South Bend ethanol modernization project from 2026 to 2030, citing delays in DOE/IRS guidance for federal tax credits.

The Community Investment Committee has voted unanimously to extend tax abatements for Verbio's South Bend ethanol project, pushing the deadline to 2030 due to crucial federal guidance delays.

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