Business  |  Tax Incentives


NetJets, Inc. & Realty Income Properties 6 LLC
Agreement #023-08-07
Zone 023


Agreement Information

Community: COLUMBUS      ODOD Status: Active
County: FRANKLIN      Agrmt Date: 10/10/2008
Local School District:      Amend. Date:
Nature of Business: commercial      Expiration Date: 12/31/2024
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation 50.0000 SIC Code: 481219

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $15,000,000.00 $0.00 $15,000,000.00
Exemptions $12,500,000.00 $0.00 $12,500,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $0.00 $0.00 $0.00 $0.00
Exemptions $0.00 $0.00 $0.00 $0.00
 

Incentives

Variable Rate Rate Term
Real No $75.00% 10 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: 1974      Number Payroll
Employment in Ohio: 1974      Retained 1306 $100,323,720.00
     Fulltime Permanent 19 $1,459,533.00
     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: 1511      Cumulative Taxes
Jobs Created: 205 Real Property Taxes Paid: $455,260.06
Jobs Retained: 1306 Real Property Taxes Forgone: $1,215,460.43
Total FTE in Ohio: $1,511.00 Personal Property Taxes Paid: $0.00
New Payroll: $8,597,491.33 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid:
Real Property: $20,536,882.56 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 8/20/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $153,082.88 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $408,634.86
Personal Property Taxes Paid: $0.00 Annual Report Year: 2015
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid:

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