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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. 92.1.2. <br />A . The designated area has been limited to a period of time not to exceed calendar years' (see below). The dale this designation expires <br />B . The type of deduction that is allowed In the designated area is limited to: <br />1. Installation of new manufacturing equipment; <br />® Yes <br />M N o <br />2. Installation of new research and development equipment; <br />® Yes <br />m N o <br />3. Installation of new logistical distribution equipment. <br />®Yes <br />®No <br />4. Installation of new information technology equipment; <br />ICIYOS <br />❑ 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 $ coal with an assessed value of <br />$ <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 (speGfy) <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 ❑ 6 years '• For ERAS 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 />1. Did the designating body adopt an alternative deduction schedule per IC 8-1.1- 12.1 -17? ❑ Yes ❑ 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 tojuslty the deduction described above. <br />day. year) <br />Designated body <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 />