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Tax Incentives
Rolls-Royce Energy Systems
Agreement #
039-12-01
Zone
039
Agreement Information
Community:
MOUNT VERNON
ODOD Status:
Active
County:
KNOX
Agrmt Date:
1/9/2012
Local School District:
Amend. Date:
Nature of Business:
manufacturing
Expiration Date:
12/31/2028
School Comp Agreement:
Yes
Revenue Sharing:
No
Estimated Annual School Compensation
5417.0000
SIC Code:
3563
Real Property
Acquisition
Improvements
New Construction
Total
Investments
$0.00
$0.00
$2,400,000.00
$2,400,000.00
Exemptions
$0.00
$2,400,000.00
$2,400,000.00
Personal Property
M & E
F & F
Inventory
Total
Investments
$0.00
$7,583,000.00
$0.00
$7,583,000.00
Exemptions
$0.00
$0.00
$0.00
$0.00
Incentives
Variable Rate
Rate
Term
Real
No
$100.00
%
15
yrs
Personal
No
$0.00
%
0
yrs
Relocations
From Out of State:
No
State:
Jobs:
In State:
No
Community:
Jobs:
Waiver Issued by ODOD:
None
Employment
Existing Employment
Job and Payroll Commitments
Employment at site:
998
Number
Payroll
Employment in Ohio:
998
Retained
300
$0.00
Fulltime Permanent
0
$0.00
Fulltime Temporary
0
$0.00
Parttime Permanent
0
$0.00
Parttime Temporary
0
$0.00
Job Creation Period:
0
months
Performance/Compliance
Agreement Status is:
Active
Total full time equivalents at Site:
376
Cumulative Taxes
Jobs Created:
0
Real Property Taxes Paid:
$379,335.53
Jobs Retained:
300
Real Property Taxes Forgone:
$150,073.90
Total FTE in Ohio:
$376.00
Personal Property Taxes Paid:
$0.00
New Payroll:
$41,688,146.38
Personal Prop. Taxes Forgone:
$0.00
Project Investment
Local Corp Income Taxes Paid:
Real Property:
$1,622,720.00
Other Tax Incentives:
$0.00
Personal Property:
$0.00
TIRC Date:
7/25/2017
Previous Year Taxes
TIRC Recommendation:
CONTINUE
Real Property Taxes Paid:
$100,918.00
Local Gov't. Action/Status:
CONTINUE
Real Property Taxes Forgone:
$31,649.00
Personal Property Taxes Paid:
$0.00
Annual Report Year:
2017
Personal Prop. Taxes Forgone:
$0.00
Local Corp Income Taxes Paid:
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