Business  |  Tax Incentives


ISHMAEL PRECISION TOOL CORPORATION, ET. AL.
Agreement #279-05-02
Zone 279


Agreement Information

Community: TROY      ODOD Status: Active
County: MIAMI      Agrmt Date: 8/16/2005
Local School District:      Amend. Date:
Nature of Business: MANUFACTURING      Expiration Date: 12/31/2016
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 3541

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $1,223,000.00 $1,223,000.00
Exemptions $0.00 $1,223,000.00 $1,223,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $65,700.00 $405,000.00 $90,000.00 $560,700.00
Exemptions $65,700.00 $405,000.00 $90,000.00 $470,700.00
 

Incentives

Variable Rate Rate Term
Real No $75.00% 10 yrs
Personal No $75.00% 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: 20      Number Payroll
Employment in Ohio: 20      Retained 20 $810,373.00
     Fulltime Permanent 12 $500,000.00
     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: 49      Cumulative Taxes
Jobs Created: 29 Real Property Taxes Paid: $91,586.00
Jobs Retained: 20 Real Property Taxes Forgone: $0.00
Total FTE in Ohio: $49.00 Personal Property Taxes Paid: $0.00
New Payroll: $732,183.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $553,615.00 Other Tax Incentives: $0.00
Personal Property: $1,098,029.00 TIRC Date: 3/10/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $17,807.00 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: $0.00

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