Business  |  Tax Incentives


PRECISION LASER & FORMING INC.
Agreement #157-05-01
Zone 157


Agreement Information

Community: LEIPSIC      ODOD Status: Active
County: PUTNAM      Agrmt Date: 1/19/2005
Local School District:      Amend. Date:
Nature of Business: MANUFACTURING      Expiration Date: 12/31/2020
School Comp Agreement: Yes      Revenue Sharing: No
Estimated Annual School Compensation 25.0000 SIC Code: 3499

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $135,000.00 $135,000.00
Exemptions $0.00 $135,000.00 $135,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $600,000.00 $0.00 $0.00 $600,000.00
Exemptions $600,000.00 $0.00 $0.00 $600,000.00
 

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: 13      Number Payroll
Employment in Ohio: 13      Retained 0 $0.00
     Fulltime Permanent 2 $82,000.00
     Fulltime Temporary 0 $0.00
     Parttime Permanent 1 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 24 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 16      Cumulative Taxes
Jobs Created: 2 Real Property Taxes Paid: $0.00
Jobs Retained: 16 Real Property Taxes Forgone: $18,765.32
Total FTE in Ohio: $16.00 Personal Property Taxes Paid: $0.00
New Payroll: $80,000.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $150,000.00 Other Tax Incentives: $0.00
Personal Property: $150,000.00 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: $1,860.00
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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