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We have reviewed our prior actions relating to the designation of this economic revital"tion area and find that the applicant meets the general standards <br />adopted in the resolution 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 under 10 6 -1.1. 121 -2. <br />The designated area has been limited to a period of time not to exceed <br />is <br />The type of deduction that is allowed In the designated area is limited to: <br />1. Installation of new manufacturing equipment; <br />2. Installation of new research and development equipment; <br />3. Installation of new logistical distribution equipment. <br />4. Installation of new information technology equipment; <br />calendar years' (see below). The date this designation expires <br />[]Yes ❑N o <br />[]Yes ❑No <br />❑Yes []No <br />❑Yes ❑N o <br />C. The amount 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 & cost <br />with an assessed value of $ <br />E . The amount of deduction applicable to new logistical distribution equipment is limited to $ cost with an assessed value of <br />F. The amount of deduction applicable to new information technology equipment is limited to $ cost with an assessed value of <br />G. Other limitations or conditions (spetityJ <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 on or after July 1, 2000, is allowed for; <br />❑ 1 year D years •' For E€ Ns established prior to ,July 1, 2000, gnly a <br />© 2 years ❑7 years 5 or 10 year schedule may be deducted. <br />❑3 years ❑8 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 />by! <br />Telephone number I pate signed (month, day, year) <br />Designated body <br />' If the designating body limits the time period during which an area is an economic revitalization 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- 12,1 -4.5 <br />