Business  |  Tax Incentives


COLUMBUS SOUTHERN POWER & AMERICAN ELECTRIC POWER Agreement #06-001 
CRA # 049-02915-02


Agreement Information
Community: NEW ALBANY      ODOD Status: Active
County: Licking      Agrmt Date: 9/5/2006
Local School District:      Amend. Date:
     Expiration Date: 12/31/2025
School Comp Agreement: No      Revenue Sharing: No
  SIC Code: 221100

Real Property

Acquisition Improvements New Construction Total
Investments $2,692,693.00 $0.00 $25,921,734.00 $28,614,427.00
Exemptions $0.00 $25,921,734.00 $25,921,734.00
 

Real Property Tax Incentives

Percentage  75 %  
Term 15 years  
 
Personal Property
M & E F & F Inventory Total
Investments $12,300,911.00 $1,223,073.00 $0.00 $13,523,984.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 110 $8,800,000.00
Fulltime Permanent 0 $0.00
Fulltime Temporary 0 $0.00
Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 15 months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 139      Cumulative Taxes
Jobs Created: 29 Real Property Taxes Paid: $1,551,828.00
Jobs Retained: 110 Real Property Taxes Forgone: $1,917,640.00
Total FTE in Ohio: Personal Property Taxes Paid: $327,785.00
New Payroll: $3,654,000.00 Personal Prop. Taxes Forgone: $0.00
Project Investment
Real Property: $44,694,811.00 Other Tax Incentives: $0.00
Personal Property: $5,066,098.00 TIRC Date: 6/14/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $166,630.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $338,069.00
Personal Property Taxes Paid: $0.00 Annual Report Year: 2016
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid:

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