Business  |  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: 60      Cumulative Taxes
Jobs Created: 0 Real Property Taxes Paid: $305,080.00
Jobs Retained: 45 Real Property Taxes Forgone: $34,240.00
Total FTE in Ohio: $60.00 Personal Property Taxes Paid: $0.00
New Payroll: $1,533,000.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $1,120,000.00 Other Tax Incentives: $0.00
Personal Property: $53,000.00 TIRC Date: 3/17/2015
Previous Year Taxes TIRC Recommendation: NA
Real Property Taxes Paid: $30,508.00 Local Gov't. Action/Status: EXPIRE
Real Property Taxes Forgone: $3,424.00
Personal Property Taxes Paid: $0.00 Annual Report Year: 2015
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid: $0.00

Back to Search Page