Business  |  Tax Incentives

Jacob Motorsports Agreement #14-001 
CRA # 083-53102-03

Agreement Information
Community: MOUNT VERNON      ODOD Status: Active
County: KNOX      Agrmt Date: 5/1/2014
Local School District: MOUNT VERNON CITY SD      Amend. Date:
     Expiration Date: 12/31/2025
School Comp Agreement: No      Revenue Sharing: No
  SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $310,000.00

Real Property Tax Incentives

Percentage   %  
Term years  
Personal Property
M & E F & F Inventory Total


Job and Payroll Commitments
Number Payroll
Fulltime Permanent 2
Fulltime Temporary
Parttime Permanent
Parttime Temporary
Job Creation Period: months


Agreement Status is: Active
Total full time equivalents at Site: 1      Cumulative Taxes
Jobs Created: 1 Real Property Taxes Paid: $9,473.00
Jobs Retained: 0 Real Property Taxes Forgone: $15,582.01
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $820.00 Personal Prop. Taxes Forgone:
Project Investment
Real Property: $200,000.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 7/25/2017
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $2,373.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $3,901.00
Personal Property Taxes Paid: Annual Report Year: 2017
Personal Prop. Taxes Forgone:
Local Corp Income Taxes Paid:

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