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CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />REGULAR MEETING <br />AGENDA CATEGORY: <br />Consent Agenda <br />JUNE 18, 2018 <br />6:30 P.M. <br />SUBJECT: <br />Tax Administration - Request for Abatement of Penalty on Discovery <br />Bills - Corning, Inc. <br />BRIEF SUMMARY: <br />Corning, Inc. reported a discrepancy in valuation of assets listed for tax <br />year 2013-2018. Review by the Tax Administration resulted in a <br />discovery for tax years 2013-2017 per NCGS 105-312. Corning has <br />requested abatement of the penalty portion of this discovery <br />in accordance with NCGS 105-312. <br />REQUESTED ACTION: <br />Motion to abate the penalty portion of discovery on undervalued assets <br />from 2013-2017 for Corning, Inc. <br />EXPECTED LENGTH OF PRESENTATION: <br />SUBMITTED BY: <br />David Thrift, Tax Administrator <br />BUDGET AMENDMENT REQUIRED: <br />No <br />COUNTY MANAGER'S RECOMMENDATIONS/COMMENTS: <br />F-13 Page 413 <br />