The medical-grade glove manufacturing plant that was an expansion of Nephron, one of the largest companies in the Midlands, owes Lexington County nearly $1 million in overdue property taxes despite already receiving a number of incentives that reduce the amount of taxes that the company pays to the county.
The property tax bills, totaling more than $950,000, sit unpaid as the company’s headquarters was listed for sale-leaseback in late August and as Nephron and its affiliate companies owe, or have owed, various contracting companies millions of dollars for unpaid labor. It also comes after what appeared to be a tumultuous audit for Nephron by the state’s revenue department, based on emails obtained through a public records request.
If they continue to go unpaid, both bills, for property taxes related to Nephron Nitrile and the building that houses it, would send the offshoot company’s properties to a tax sale. But county officials seemed to think that’s unlikely and alluded to the fact the company could be paying the late penalties while holding on to its existing capital, potentially building more interest than the late fees are worth…