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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 />C. The amount of deduction applicable to new manufacturing equipment Is limited to $ <br />calendar years' (see below). The date this designation expires <br />mYes 13No <br />®Yes ❑No <br />®Yes ®No <br />ElYes ❑No <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 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 (speci/y) <br />H. The deduction for new manufacturing equipment andlor 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 />I❑ 1 year ❑ 6 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 ❑ a 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 -17? m Yes O 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 to justify the deduction described above. <br />Approved: islgnefure and We of authorized membedJ I Telephone number Dale signed (month, deg year) <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 />Page 2 of 2 <br />