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Tax Incentives
VER-MAC INDUSTRIES
Agreement #
039-04-01
Zone
039
Agreement Information
Community:
MOUNT VERNON
ODOD Status:
Active
County:
KNOX
Agrmt Date:
7/19/2004
Local School District:
Amend. Date:
Nature of Business:
MANUFACTURING
Expiration Date:
12/31/2015
School Comp Agreement:
Yes
Revenue Sharing:
No
Estimated Annual School Compensation
4580.0000
SIC Code:
3516
Real Property
Acquisition
Improvements
New Construction
Total
Investments
$0.00
$1,120,000.00
$0.00
$1,120,000.00
Exemptions
$1,120,000.00
$0.00
$1,120,000.00
Personal Property
M & E
F & F
Inventory
Total
Investments
$18,000.00
$10,000.00
$25,000.00
$53,000.00
Exemptions
$18,000.00
$10,000.00
$25,000.00
$28,000.00
Incentives
Variable Rate
Rate
Term
Real
No
$100.00
%
10
yrs
Personal
No
$100.00
%
10
yrs
Relocations
From Out of State:
No
State:
Jobs:
0
In State:
No
Community:
Jobs:
0
Waiver Issued by ODOD:
None
Employment
Existing Employment
Job and Payroll Commitments
Employment at site:
45
Number
Payroll
Employment in Ohio:
45
Retained
45
$1,149,681.00
Fulltime Permanent
Fulltime Temporary
Parttime Permanent
Parttime Temporary
Job Creation Period:
0
months
Performance/Compliance
Agreement Status is:
Active
Total full time equivalents at Site:
0
Cumulative Taxes
Jobs Created:
0
Real Property Taxes Paid:
$0.00
Jobs Retained:
0
Real Property Taxes Forgone:
$0.00
Total FTE in Ohio:
$0.00
Personal Property Taxes Paid:
$0.00
New Payroll:
$0.00
Personal Prop. Taxes Forgone:
$0.00
Project Investment
Local Corp Income Taxes Paid:
$0.00
Real Property:
$0.00
Other Tax Incentives:
$0.00
Personal Property:
$0.00
TIRC Date:
7/25/2017
Previous Year Taxes
TIRC Recommendation:
EXPIRE
Real Property Taxes Paid:
$0.00
Local Gov't. Action/Status:
EXPIRE
Real Property Taxes Forgone:
$0.00
Personal Property Taxes Paid:
$0.00
Annual Report Year:
2017
Personal Prop. Taxes Forgone:
$0.00
Local Corp Income Taxes Paid:
$0.00
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