Laserfiche WebLink
We have reviewed our prior actions relating to the designation of this economic revitalization area and find that the applicant meets the <br />general standards adopted in the resolution previously approved by this body. Said resolution, passed under !C 6-1.1-12.1-2.5, pro- <br />vides for the following limitations as 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 <br />designation expires is ____~____~_____-_-__~__ <br />B .The type of deduction that is allowed in the designated area is limned to: <br />1, Redevelopment or rehabilitation of real estate improvements; ^ Yes ^ N o <br />2, Installation of new manufacturing equipment; ^ Yes ^ No <br />3. Installation of new research and development equipment; ^ Yes ^ No <br />4, Residentially distressed areas ^ Yes ^ N o <br />C .The amount of deduction applicable for redevelopment or rehabilitation is limited to $ ______~_~~___ cost with an assessed <br />value of $ ___y____________. <br />D .The amount of deduction applicable to new manufacturing equipment is limited to $ ______________ cost with an assessed <br />value of $ __~___~~ <br />E.The amount of deduction applicable to new research and development equipment is limited to $ ~~_...__~_~__ cost with <br />an assessed value of $ _~____.____.__~____• <br />F. Other limitations or conditions (specify)_ ______~________ ~___ _.~- <br />Also we have reviewed the information contained in the statement of benefits and find that the estimates and expectations are reason- <br />able and have determined that the totality of benefits is sufficient to justify the deduction described above. <br />Approved: (signature ant/ riUa of authorized member) Telephone number Date signed (month, day, year) <br />Attested by: Designated body <br />' if the designating bau'y limits lha lima peg od during :rich 2n area is an economic revitilization area, it does not limit the length of time <br />a taxpayer is entitled to receive a deduction to a number of years designated under IC 6-1.1-12.1 or 4.5 <br />