Business  |  Tax Incentives


TRUTEC INDUSTRIES, INC.
Agreement #376-04-01
Zone 376


Agreement Information

Community: SALEM (TOWNSHIP OF)      ODOD Status: Active
County: CHAMPAIGN      Agrmt Date: 8/31/2004
Local School District:      Amend. Date:
Nature of Business: METAL COATINGS      Expiration Date: 12/31/2015
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 3479

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $1,800,000.00 $1,800,000.00
Exemptions $0.00 $810,000.00 $810,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $0.00 $0.00 $500,000.00 $500,000.00
Exemptions $0.00 $0.00 $0.00 $0.00
 

Incentives

Variable Rate Rate Term
Real No $45.00% 10 yrs
Personal No $0.00% 0 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: 88      Number Payroll
Employment in Ohio: 160      Retained 88 $2,476,465.00
     Fulltime Permanent 2 $50,000.00
     Fulltime Temporary
     Parttime Permanent
Parttime Temporary
Job Creation Period: 12 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 88      Cumulative Taxes
Jobs Created: 2 Real Property Taxes Paid: $117,969.00
Jobs Retained: 88 Real Property Taxes Forgone: $99,507.00
Total FTE in Ohio: $196.00 Personal Property Taxes Paid: $28,839.00
New Payroll: $95,451.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $1,617,453.00 Other Tax Incentives: $0.00
Personal Property: $506,406.00 TIRC Date: 3/10/2016
Previous Year Taxes TIRC Recommendation: EXPIRE
Real Property Taxes Paid: $12,051.00 Local Gov't. Action/Status: EXPIRE
Real Property Taxes Forgone: $9,860.00
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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