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Tax Incentives
MAC TRAILER REALTY, INC & MAC SERVICE
Agreement #
159-03-03
Zone
159
Agreement Information
Community:
LEXINGTON
ODOD Status:
Active
County:
STARK
Agrmt Date:
10/21/2003
Local School District:
Amend. Date:
Nature of Business:
MANUFACTURING
Expiration Date:
4/9/2014
School Comp Agreement:
No
Revenue Sharing:
No
Estimated Annual School Compensation
SIC Code:
441229
Real Property
Acquisition
Improvements
New Construction
Total
Investments
$0.00
$0.00
$960,000.00
$960,000.00
Exemptions
$0.00
$960,000.00
$960,000.00
Personal Property
M & E
F & F
Inventory
Total
Investments
$500,000.00
$75,000.00
$815,000.00
$1,390,000.00
Exemptions
$500,000.00
$75,000.00
$815,000.00
$575,000.00
Incentives
Variable Rate
Rate
Term
Real
No
$60.00
%
10
yrs
Personal
No
$60.00
%
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:
0
Number
Payroll
Employment in Ohio:
0
Retained
0
$0.00
Fulltime Permanent
25
$625,000.00
Fulltime Temporary
0
$0.00
Parttime Permanent
0
$0.00
Parttime Temporary
0
$0.00
Job Creation Period:
36
months
Performance/Compliance
Agreement Status is:
Active
Total full time equivalents at Site:
65
Cumulative Taxes
Jobs Created:
65
Real Property Taxes Paid:
$853,840.96
Jobs Retained:
65
Real Property Taxes Forgone:
$391,616.52
Total FTE in Ohio:
$65.00
Personal Property Taxes Paid:
$104,830.00
New Payroll:
$2,823,722.84
Personal Prop. Taxes Forgone:
$70,475.00
Project Investment
Local Corp Income Taxes Paid:
$0.00
Real Property:
$4,997,544.00
Other Tax Incentives:
$0.00
Personal Property:
$3,434,245.00
TIRC Date:
3/12/2015
Previous Year Taxes
TIRC Recommendation:
EXPIRE
Real Property Taxes Paid:
$116,375.92
Local Gov't. Action/Status:
EXPIRE
Real Property Taxes Forgone:
$35,464.42
Personal Property Taxes Paid:
$0.00
Annual Report Year:
2014
Personal Prop. Taxes Forgone:
$0.00
Local Corp Income Taxes Paid:
$0.00
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