Business  |  Tax Incentives


H & S TOOL INC., AND MARK AND WANITA HILL Agreement #07-001 
CRA # 103-04445-01


Agreement Information
Community: WADSWORTH      ODOD Status: Active
County: Medina      Agrmt Date: 8/31/2007
Local School District:      Amend. Date:
     Expiration Date: 12/31/2017
School Comp Agreement: No      Revenue Sharing: No
  SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $1,005,232.00 $1,005,232.00
Exemptions $0.00 $1,005,232.00 $1,005,232.00
 

Real Property Tax Incentives

Percentage  40 %  
Term 10 years  
 
Personal Property
M & E F & F Inventory Total
Investments $450,000.00 $5,000.00 $0.00 $455,000.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 0 $0.00
Fulltime Permanent 15 $420,000.00
Fulltime Temporary 0 $0.00
Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 40 months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 30      Cumulative Taxes
Jobs Created: 17 Real Property Taxes Paid: $72,912.92
Jobs Retained: 13 Real Property Taxes Forgone: $48,608.50
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $923,704.00 Personal Prop. Taxes Forgone:
Project Investment
Real Property: $2,362,000.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 3/16/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $8,158.36 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $5,438.72
Personal Property Taxes Paid: Annual Report Year: 2015
Personal Prop. Taxes Forgone:
Local Corp Income Taxes Paid:

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