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We have reviewed our prior actions relating to the designation or this economic revitalization area and find that the applicant meals 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 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; m Yes <br />m N o <br />2. Installation of new research and development equipment; ® Yes <br />13 N o <br />3. Installation of new logistical distribution equipment. D Yes <br />®N o <br />4. Installation of new information technology equipment; mYes <br />0 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 <br />$ cost 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 deductlon applicable to new information technology equipment is limited to $ <br />cost with an assessed value of <br />G. Other limitations or conditions (snecifv) <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 116 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 />❑ 3 years ❑ 8 years <br />❑ 4 years ❑ 9 years <br />5 years " ❑ 10 years " <br />I. Did the designating body adopt an alternative deduction schedule per IC 6.1.1- 12.1 -177 EU Yes 13 No <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 that the estimates and expectations are reasonable and have <br />determined that the totality of benefits is sufficient tojuslify the deduction described above. <br />(month, <br />1 ' 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 />Page 2 of 2 <br />