Business  |  Tax Incentives


ADVANCED DRAINAGE SYSTEMS INC AND SOMA CO Agreement #05-001 
CRA # 049-35476-01


Agreement Information
Community: HILLIARD      ODOD Status: Active
County: Franklin      Agrmt Date: 6/16/2005
Local School District:      Amend. Date:
     Expiration Date: 12/31/2021
School Comp Agreement: Yes      Revenue Sharing: No
  SIC Code: 3084

Real Property

Acquisition Improvements New Construction Total
Investments $1,200,000.00 $0.00 $3,100,000.00 $4,300,000.00
Exemptions $0.00 $3,100,000.00 $3,100,000.00
 

Real Property Tax Incentives

Percentage  100 %  
Term 15 years  
 
Personal Property
M & E F & F Inventory Total
Investments $0.00 $0.00 $0.00 $0.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 85 $7,300,000.00
Fulltime Permanent 10 $420,000.00
Fulltime Temporary 0 $0.00
Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 60 months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 113      Cumulative Taxes
Jobs Created: 28 Real Property Taxes Paid: $202,862.72
Jobs Retained: 85 Real Property Taxes Forgone: $908,986.06
Total FTE in Ohio: Personal Property Taxes Paid: $75,000.00
New Payroll: $13,889,043.50 Personal Prop. Taxes Forgone:
Project Investment
Real Property: $4,954,200.00 Other Tax Incentives: $0.00
Personal Property: $2,832,000.00 TIRC Date: 8/12/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $26,172.70 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $109,124.86
Personal Property Taxes Paid: Annual Report Year: 2015
Personal Prop. Taxes Forgone:
Local Corp Income Taxes Paid:

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