Business  |  Tax Incentives


MAGNANNI, INC. Agreement #13-001 
CRA # 049-53970-01


Agreement Information
Community: NEW ALBANY      ODOD Status: Active
County: FRANKLIN      Agrmt Date: 8/26/2013
Local School District: JOHNSTOWN MONROE LOCAL SD      Amend. Date:
     Expiration Date: 12/31/2038
School Comp Agreement: Yes      Revenue Sharing: No
  SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $1,200,000.00 $0.00 $0.00 $1,200,000.00
Exemptions $0.00 $0.00 $0.00
 

Real Property Tax Incentives

Percentage  100 %  
Term 7 years  
 
Personal Property
M & E F & F Inventory Total
Investments $50,000.00 $50,000.00 $0.00 $100,000.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 7 $425,000.00
Fulltime Permanent 2 $70,000.00
Fulltime Temporary 0 $0.00
Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 36 months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 18      Cumulative Taxes
Jobs Created: 9 Real Property Taxes Paid: $18,171.36
Jobs Retained: 5 Real Property Taxes Forgone: $59,835.61
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $408,549.00 Personal Prop. Taxes Forgone:
Project Investment
Real Property: $1,838,115.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 8/29/2017
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $6,293.56 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $18,585.21
Personal Property Taxes Paid: Annual Report Year: 2017
Personal Prop. Taxes Forgone:
Local Corp Income Taxes Paid:

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