Business  |  Tax Incentives


Elect Cryogenics/ VKS Properties LLC
Agreement #300-15-01
Zone 300


Agreement Information

Community:      ODOD Status: Active
County: Tuscarawas      Agrmt Date: 4/2/2015
Local School District: Tuscarawas Valley SD      Amend. Date:
Nature of Business:      Expiration Date: 12/31/2026
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $450,000.00 $52,000.00 $2,800,000.00 $3,302,000.00
Exemptions $52,000.00 $2,800,000.00 $2,852,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $430,000.00 $5,000.00
Exemptions $430,000.00 $5,000.00 $435,000.00
 

Incentives

Variable Rate Rate Term
Real Yes $0.00% yrs
Personal Yes $0.00% 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:      Number Payroll
Employment in Ohio:      Retained
     Fulltime Permanent 2 $65,000.00
     Fulltime Temporary
     Parttime Permanent
Parttime Temporary
Job Creation Period: 2 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 2      Cumulative Taxes
Jobs Created: 2 Real Property Taxes Paid: $54,989.42
Jobs Retained: 0 Real Property Taxes Forgone: $54,989.42
Total FTE in Ohio: $41.00 Personal Property Taxes Paid: $0.00
New Payroll: $67,427.85 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid:
Real Property: $3,705,208.96 Other Tax Incentives: $0.00
Personal Property: $522,350.79 TIRC Date: 2/6/2018
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $26,852.79 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $26,852.79
Personal Property Taxes Paid: $0.00 Annual Report Year: 2017
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid:

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