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:fk <br />We have reviewed our prior actions relating to the designation of this economic revitalization area and find That the applicant meats the general standards <br />adopted in the resolution previously approved by the body, Sold resolution, passed under IC 8.1,4- 12,1.2.5, provides for the following limitations as <br />authorized under IC 6-1,1- 121-2. <br />A . The designated Brea has been limited to it period of time not to exceed _ <br />is <br />e . The type of deduction that Is allowed in the designated area is limited W <br />1, installation of new manufacturing equipment; <br />2, installation of new research and development equipment; <br />3. Installation of new logistical dishilwtion equipment, <br />4. Installation of now information technology equipment; <br />calendar years " (see below), The date this designation expires <br />❑Yea ❑N a <br />❑Yea BN N o <br />❑Yes o <br />❑Yea ❑No <br />C. The amount of deduction applicable to new manufacturing equipment is limited to S <br />cost with an eaeessed value of <br />0. The amount of deduction applicable 10 new research and development equipment is limited to $ <br />with an assessed value of S <br />cost <br />E. The amount of deduction applicable to new logistical distribution equipment is limited to $ scat with an assessed value of <br />ti <br />F. The amount of deduction applicable to new information technology equipment is limited to $ cost with an assessed value of <br />Q Other limitations or conditions (apedry) <br />K The deduction for new manuracturing equipmenl and/or now research end development equipment and/or new logistical distribution equipment andlor <br />now Information technology equipment installed and Tint claimed eligible for deducdon.on or after July 1, 2000, Is allowed for: <br />131 year Me years " For ERNS established prior to July 1, 2000, t?n6l a <br />❑2 years 07 years 5 or f() year schedule may be deduclad, <br />03 years ©8 years <br />❑4 years 1:19 years <br />❑ 5 years.. [] 10 years,- <br />Also we have reviewed the Information contained In the statement of benefits end And that the estimates and expectations are reasonable and have <br />determined that the totality of benefits Is sufficient to justify the deduction described above, <br />number Get- -iW-d (month, day, year] <br />If the desfgnafing body limits the time period during which an area is an coo nomlc revitaI all area, It does not limit the length of time a taxpayer is <br />entitled to receive a deduction to a number of years designated under IC 6- 1,1.12.4 -+I,S <br />