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09-14-15 Agenda, Packet & Committee Meeting Notice
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09-14-15 Agenda, Packet & Committee Meeting Notice
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City Council - City Clerk
City Council - Document Type
Agendas
City Counci - Date
9/14/2015
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FOR USE OF THE DESIGNATING BODY <br /> 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 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; ❑ Yes ® No <br /> 2. Installation of new research and development equipment; ® Yes ❑ N o <br /> 3. Installation of new logistical distribution equipment. 0 Yes C/N o <br /> 4. Installation of new information technology equipment; [ ]Ye s ❑N o <br /> C. The amount of deduction applicable to new manufacturing equipment Is limited to$ 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 /> $ <br /> G. Other limitations or conditions(specify) <br /> H. The deduction for new manufacturing equipment end/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 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 /> 0 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 ❑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:(signefure end title of authorized member) Teleptone number Date signed(month•day.your) <br /> Attested by 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 />
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