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Tax Incentives
Royal Cleaners LTD
Agreement #
15-100
CRA #
133-39872-01
Agreement Information
Community:
ODOD Status:
Active
County:
Portage
Agrmt Date:
4/1/2015
Local School District:
Kent City SD
Amend. Date:
Expiration Date:
12/31/2022
School Comp Agreement:
No
Revenue Sharing:
No
SIC Code:
Real Property
Acquisition
Improvements
New Construction
Total
Investments
$25,000.00
$275,000.00
Exemptions
$25,000.00
$275,000.00
$300,000.00
Real Property Tax Incentives
Percentage
50
%
Term
7
years
Personal Property
M & E
F & F
Inventory
Total
Investments
Employment
Job and Payroll Commitments
Number
Payroll
Retained
2
Fulltime Permanent
3
Fulltime Temporary
Parttime Permanent
Parttime Temporary
Job Creation Period:
months
Performance/Compliance
Agreement Status is:
Active
Total full time equivalents at Site:
5
Cumulative Taxes
Jobs Created:
1
Real Property Taxes Paid:
$11,563.64
Jobs Retained:
4
Real Property Taxes Forgone:
$3,287.07
Total FTE in Ohio:
Personal Property Taxes Paid:
$0.00
New Payroll:
$80,000.00
Personal Prop. Taxes Forgone:
Project Investment
Real Property:
$394,853.00
Other Tax Incentives:
$0.00
Personal Property:
$0.00
TIRC Date:
3/13/2018
Previous Year Taxes
TIRC Recommendation:
CONTINUE
Real Property Taxes Paid:
$5,728.16
Local Gov't. Action/Status:
CONTINUE
Real Property Taxes Forgone:
$1,627.91
Personal Property Taxes Paid:
Annual Report Year:
2017
Personal Prop. Taxes Forgone:
Local Corp Income Taxes Paid:
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