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09-27-10 Council Agenda & Packet
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09-27-10 Council Agenda & Packet
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11/24/2010 8:56:03 AM
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City Council - City Clerk
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We have reviewed our prior actions relating to the designation of this economic revitalization area and find that the applicant meets the genera! standards <br />adopted in the resnlution previously approved by this body. Said resolution, passed under IC 6-1.1-12.1-2.5, provides for the following limitations as <br />authorized underlC 6-1.1-12.1-2. <br />A .The designated area has been limited to a period of time not to exceed <br />is <br />calendar years " (see below). The date this designation expires <br />The type of deduction that is allowed in the designated area is limited to: <br />1. Installation of new manufacturing equipment; <br />2. lnstallatian of new research and development equipment; <br />3. Installation of new logistical distribution equipment. <br />4. Installation of new information technology equipment; <br />^Yes ^N o <br />^Yes ^N o <br />^Yes ^N c <br />^.Yes ^N n <br />C. The amnunt of deduction applicable to new manufacturing equipment is limited to $ <br />cost with an assessed value of <br />D. The amount of deduction applicable to new research and development equipment is limited to $ <br />with an assessed value of $ <br />E .The amount of deduc#ion applicable to new logistical distribution equipment is limited to $ <br />F. The amount of deductinn applicable to new infiormation technology equipment is limited to $ <br />G. Other limitations or conditions <br />cost <br />cost with an assessed value of <br />cast with an assessed value of <br />H. The deduction for new manufacturing equipment and/or new research and development equipment and/or new logistical distribution equipment and/or <br />new information technology equipment installed and first claimed eligible for deduction an or after July 1, 20B{?, is allowed for: <br />^ 1 year ^ 6 years '"* For ERA's established prior to July 1, 2000, oniv a <br />^2 years ^7 years 5 or 1D year schedule may be deducted. <br />^3 years ^ S years <br />^4 years ^ 9 years <br />^ 5 years ** ^ 10 years "" <br />Also we have reviewed the information contained in the statement of benefits and find 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 />Approved: (signature and title of aufhoriaed member) <br />Attested by: <br />Telephone number <br />Designated body <br />i7ate signed (month, day, year) <br />1f the designating bndy limits the time period during which an area is an economic revitalization area, i# does nat limit the length of time a taxpayer is <br />entitled to receive a deduction to a number of years designated under 1C 6-1.1-12.1-4.5 <br />
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