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We have reviewed our prior actions retailing 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, <br />authorized under IC 6- 1.1- 12.1 -2. <br />passed under IC 6-1.1- 12.1 -2.5, provides for the following limitations as <br />l 7 2dA� <br />( <br />A . The designated area has been limited to a period of time not to exceed <br />is_ 17— -1 D �- t`i <br />calendar years ' (see below). The date this designation expires <br />B . The type of deduction that is allowed in the designated area is limited W. <br />1. Installation of new manufacturing equipment: <br />as ❑ N o <br />2. Installation of new research and development equipment <br />3. Installation of new logistical distribution <br />Yes MN o <br />equipment. <br />El Ye Oka <br />4. Installation of new information technology equipment; <br />❑Yes RN o <br />{ <br />C. The +am^ount of deduction applicable to new manufacturing equipment is limited to $ L 2 (;Ivlc 1 cost with an assessed value of <br />D. The amount of deduction applicable to new research and development <br />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 $ <br />$ 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) 0�� <br />H. The deduction for new manufacturing equipment and/or new, research and development equipment and/or new logistical distribution equipment and for <br />new information technology equipment installed and first claimed eligible for deduction on or after July 1, 2000, is allowed for <br />❑ 1 year Cl 6 years '• For ERKs established prior to July 1, 2000, only a <br />❑ 2 years ❑ 7 years 5 or 10 year schedule may be deducted. <br />❑3years ❑eyears <br />❑.4 years ❑ 9 years <br />ea" years •• ❑ 10 years •' <br />Also we have reviewed the information contained in the statement of benelts 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 />V(sx,/parum /alnd " ofamfndzedmem�/ped t� i <br />1 / 4• \ C 1 YQ Ly, l�9 A p Date signed (coo al, daY.Y�d <br />Attested I eS 1 ti b z3J -_y 3z1 1 —c <br />OvlY..o S � e, W,�, cou 61. cc <br />' If the i ignating body limits the time period dump 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 />