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05-26-15 Agenda, Packet & Committee Meeting Notice
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05-26-15 Agenda, Packet & Committee Meeting Notice
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City Council - City Clerk
City Council - Document Type
Agendas
City Counci - Date
5/26/2015
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We have reviewed our prior actions misting 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 resolWon, 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 />S . The type of deduction that Is allowed In the designated area is limited to <br />1. Installation of new manufacturing equipment; <br />0 Ye s <br />®N o <br />2. Installation of new research and development equipment; <br />(M Yes <br />m N o <br />3, Installation of new loglslloal distribution equipment, <br />❑ Yes <br />RO N o <br />4. Installation of new information technology equipment; <br />[Dyes <br />[]No <br />C. The amount of deduction applicable to new manufacturing equipment Is limited to $ cost with an assessed value of <br />$ <br />D. The amount of deduction applicable to new research and development equipment is limited to $ Cos, 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 />c <br />G. Other limitations or conditions (spaciry) <br />H. The deduction for nett/ manufacturing equipment and/or new research and development equipment and/or new logistical dfdribudor) 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 ❑ 8 years •' For ERA's established prior to July 1, 2000, one a <br />[] 2 years O 7 years 5 or 10 year schedule may be deducted, <br />❑ 3 years 0 8 years <br />❑ 4 years ❑ 9 years <br />1] 5 years •' C] 10 years-* <br />1. Did the designating body adopt an alternative deduction schedule per IC 6 -1.1- 12.1 -17? m Yes 0 No <br />Ifyes, 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 />proved: isigrrature andtida ofauthafzedmembe4 Tele tone number <br />P Date signed (monN, day, 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 I <br />entitled to receive a deduction to a number of years designated under IC 6- 1.1- 12.1 -4,6 <br />Page 2 of 2 <br />
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