Business  |  Tax Incentives


Rolls-Royce Energy Systems
Agreement #039-08-02
Zone 039


Agreement Information

Community: MOUNT VERNON      ODOD Status: Active
County: KNOX      Agrmt Date: 7/2/2008
Local School District:      Amend. Date:
Nature of Business: industrial      Expiration Date: 12/31/2023
School Comp Agreement: Yes      Revenue Sharing: No
Estimated Annual School Compensation 37245.0000 SIC Code: 3563

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $11,000,000.00 $11,000,000.00
Exemptions $0.00 $11,000,000.00 $11,000,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $18,000,000.00 $0.00 $0.00 $18,000,000.00
Exemptions $18,000,000.00 $0.00 $0.00 $18,000,000.00
 

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: 827      Number Payroll
Employment in Ohio: 827      Retained 827 $0.00
     Fulltime Permanent 100 $6,240,000.00
     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: 0      Cumulative Taxes
Jobs Created: 0 Real Property Taxes Paid: $185,596.53
Jobs Retained: 0 Real Property Taxes Forgone: $78,943.90
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:
Real Property: $2,028,390.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 3/17/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $0.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $0.00
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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