Business  |  Tax Incentives


STATE CREST CARPETING & FLOORING, INC. Agreement #99-002 
CRA # 035-00300-01


Agreement Information
Community: BEDFORD HEIGHTS      ODOD Status: Active
County: Cuyahoga      Agrmt Date: 2/2/1999
Local School District:      Amend. Date:
     Expiration Date: 12/13/2014
School Comp Agreement: No      Revenue Sharing: No
  SIC Code: 9521

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $1,995,000.00 $1,995,000.00
Exemptions $0.00 $1,995,000.00 $1,995,000.00
 

Real Property Tax Incentives

Percentage  50 %  
Term 15 years  
 
Personal Property
M & E F & F Inventory Total
Investments $100,000.00 $20,000.00 $500,000.00 $620,000.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 0 $0.00
Fulltime Permanent 20 $250,000.00
Fulltime Temporary 0 $0.00
Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 24 months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 28      Cumulative Taxes
Jobs Created: 6 Real Property Taxes Paid: $526,801.00
Jobs Retained: 22 Real Property Taxes Forgone: $386,851.00
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $177,111.00 Personal Prop. Taxes Forgone: $0.00
Project Investment
Real Property: $2,344,857.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 8/19/2014
Previous Year Taxes TIRC Recommendation: MODIFY
Real Property Taxes Paid: $29,438.00 Local Gov't. Action/Status: MODIFY
Real Property Taxes Forgone: $146,892.00
Personal Property Taxes Paid: $33,381.00 Annual Report Year: 2015
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid:

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