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04-14-14 Council Agenda & Packet
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04-14-14 Council Agenda & Packet
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4/24/2014 11:56:22 AM
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4/24/2014 11:45:02 AM
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City Council - City Clerk
City Council - Document Type
Agendas
City Counci - Date
4/14/2014
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We have revlewsd our prior actions relatn0 to the designation of tills economic revitalization area and find that he applcanl meek hs gonera/ 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 61.1 - 12.1.2 <br />A. The designated was has been limited to a period of time not to exceed <br />The type of deduction that Is slowed in the designated area is limited to' <br />1. Nstslation 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 infomeotan technology equipment: <br />C. The amount of deduction applicable to new manufacturing equipment Is limited <br />calendar years ' (am bedawj. The dale this designation expires <br />13 Yes M N o <br />®Yes 13 No <br />❑Yes ONO <br />ODYes [IN o <br />cost with an assessed value of <br />D. The amount of deduction applicable to new research and development equipment Is limited to $ _ cost with an assessed value of <br />E . The amount of deduction applicable to new togisUcal distribution equipment Is limited to $ cost with an assessed value or <br />F. The amount of deduction applicable to new Information technology equipment is limited to f cost with an assessed value of <br />G Other limitations or conditions (specNyJ <br />H. The deduction for new manufacturing equipment and/or new research and developmenlequfpment and/ornew logistical distribution equipment and/or <br />new information technology equipment installed and fast claimed eligible for deduction on or after July 1, 2000, is allowed for. <br />❑ 1 year ❑ 6 years " For ERA's established prim to July 1, 2000, only a <br />❑ 2 years ❑ 7 years 5 or 10 year schedule may be deducted. <br />113 years O a years <br />❑ 4 years ❑ 0 years <br />❑ 5years " ❑ 10 years " <br />I. Did the designating body adopt an alternative deduction schedule per IC 6-IA- 12.1 -177 13 Yes 0 N <br />If yes, attach a copy of the alternative deduction schedule to this form. <br />Also we have reviewed the information contained In the statement of benefits and find (hat the estimates and expatiations era reasonable and have <br />determined that the totality of bemellis is sulficierd to justify the deduction desmbed above. <br />proved! (sgmfurs and due WatalwIzedmembo I Telephone number Dmo signed (moms, day, yesd <br />If the designating body limits the Ums period during which an area Is an economic revitalization area, l does not Ihnh the length of time a taxpayer Is <br />entitled to receive a deduction to a number of years designated under IC 61.1. 12.1 -4.5 <br />Page 2 of 2 <br />
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