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02-14-11 Council Agenda & Packet
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02-14-11 Council Agenda & Packet
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9/12/2012 11:39:03 AM
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2/10/2011 11:12:08 AM
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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 -1.1- 12.1 -2.5, 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 <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; <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 ❑N o <br />❑Yes MNo <br />C. The amount of deduction applicable to new manufacturing equipment is limited to $ 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 deduction applicable to new logistical distribution equipment is limited to $ <br />$ <br />F. The amount of deduction applicable to new Information technology equipment is limited to $ <br />$ <br />G. Other limitations or conditions (specify) <br />cost <br />cost with an assessed value of <br />cost 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 on or after July 1, 2000, is allowed for: <br />❑ 1 year 06 years "* For ERA's established prior to July 1, 2000, only a <br />❑ 2 years ❑ 7 years 5 or 10 year schedule may be deducted. <br />El 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 />(signature <br />Telephone number <br />Designated body <br />Date signed (month, day, yead <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 />
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