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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 general standards <br />adopted in the resolution previously approved by this body. Said resolution, passed under IC 6 9.t- 92.1 -2.6, provides for the following limitations as <br />authorized under IC 6- 1.1.12.1 -2. <br />A . The designated area has been limited to a period of time not to exceed calendar years ` (see below), The date this designation expires <br />is <br />B. The type of deduction that is allowed In the designated area is limited to: <br />1. Installation of new manufacturing equipment; ❑Yes N o <br />2. Installation of new research and development equipment: ❑Yes nNo <br />3. Installation of new logistical distribution equipment. ❑Yes [:] N o <br />4. Installation of new information technology equipment; ❑Yes ❑ N o <br />C. The amount of deduction applicable to new manufacturing equipment is limited to S 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 (specify) <br />H. The deduction for new manufacturing equipment andlor new research and development equipment andlor 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 06 years "" For ERA's established prior to July 1, 2000, a oy a <br />❑2 years ❑7 years 5 or 10 year schedule may be deducted. <br />®3 years 1J8 years <br />❑4 years ❑ g years <br />[I5 years" ❑10 years" <br />Also we have reviewed the information contained in the statement of benefits and find that the estimates and expectatlons are reasonable and have <br />determined that the totality of benefits is sufficient to justify the deduction described above, <br />woved: (signature and title ofWhorired member) Telephone number Dale signed fmonth. day, year) <br />body <br />' If the designating body limits the time period during which an area is an economic revitalization area, It does not fimit the length of time a taxpayer is <br />entitled to receive a deduction to a number of years designated under IC 6-1.1- 12.14.5 <br />