Business  |  Tax Incentives


AEP Transmission Company, Inc. Agreement #14-101 
CRA # 049-53970-01


Agreement Information
Community: NEW ALBANY      ODOD Status: Active
County: Franklin      Agrmt Date: 12/16/2014
Local School District: Licking Heights Local SD      Amend. Date:
     Expiration Date: 12/31/2031
School Comp Agreement: No      Revenue Sharing: No
  SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $37,000,000.00
Exemptions $37,000,000.00
 

Real Property Tax Incentives

Percentage  100 %  
Term 15 years  
 
Personal Property
M & E F & F Inventory Total
Investments $2,000,000.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 0 $0.00
Fulltime Permanent 650 $16,000,000.00
Fulltime Temporary
Parttime Permanent
Parttime Temporary
Job Creation Period: months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 570      Cumulative Taxes
Jobs Created: 70 Real Property Taxes Paid: $629,683.00
Jobs Retained: 500 Real Property Taxes Forgone: $0.00
Total FTE in Ohio: Personal Property Taxes Paid: $108,016.00
New Payroll: $8,120,000.00 Personal Prop. Taxes Forgone:
Project Investment
Real Property: $48,132,175.00 Other Tax Incentives: $0.00
Personal Property: $5,956,099.00 TIRC Date: 8/29/2017
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $518,064.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $0.00
Personal Property Taxes Paid: Annual Report Year: 2017
Personal Prop. Taxes Forgone:
Local Corp Income Taxes Paid:

Back to Search Page