Business  |  Tax Incentives


THE IAMS COMPANY
Agreement #157-04-02
Zone 157


Agreement Information

Community: LEIPSIC      ODOD Status: Active
County: PUTNAM      Agrmt Date: 10/13/2004
Local School District:      Amend. Date:
Nature of Business: MANUFACTURING      Expiration Date: 12/31/2022
School Comp Agreement: Yes      Revenue Sharing: No
Estimated Annual School Compensation 25.0000 SIC Code: 2047

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $11,450,000.00 $0.00 $11,450,000.00
Exemptions $11,450,000.00 $0.00 $11,450,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $10,050,000.00 $0.00 $3,000,000.00 $13,050,000.00
Exemptions $10,050,000.00 $0.00 $3,000,000.00 $10,050,000.00
 

Incentives

Variable Rate Rate Term
Real No $100.00% 15 yrs
Personal No $100.00% 15 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: 175      Number Payroll
Employment in Ohio: 750      Retained 175 $7,300,000.00
     Fulltime Permanent 25 $600,000.00
     Fulltime Temporary
     Parttime Permanent
Parttime Temporary
Job Creation Period: 36 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 126      Cumulative Taxes
Jobs Created: 25 Real Property Taxes Paid: $0.00
Jobs Retained: 156 Real Property Taxes Forgone: $410,966.50
Total FTE in Ohio: $605.00 Personal Property Taxes Paid: $0.00
New Payroll: $2,168,200.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $6,194,209.00 Other Tax Incentives: $0.00
Personal Property: $1,258,905.00 TIRC Date: 3/14/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $0.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $34,111.50
Personal Property Taxes Paid: $0.00 Annual Report Year: 2015
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid: $0.00

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