The Terre Haute City Council has scheduled a hearing with representatives from Sony DADC regarding the company’s tax incentives. Our partners at WTHI-TV report the hearing is related to layoffs the company announced in January.
The council says when companies receive tax abatements, they must file what is known as a CF1 form to notify public officials when changes to any job creation or salary plans are made. The station reports Sony DADC did not file that form when the layoffs occurred, making the company non-compliant.
Sony said earlier this year it would lay off 375 employees because of a decision to outsource the music and video manufacturing operations at the Terre Haute facility. About 300 employees will work at the facility.
WTHI says Sony DADC has multiple tax abatements that are set to expire in the next three to six years. The council hearing is scheduled for July 12.