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


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


Agreement Status is: Active
Total full time equivalents at Site: 499      Cumulative Taxes
Jobs Created: 0 Real Property Taxes Paid: $111,619.00
Jobs Retained: 499 Real Property Taxes Forgone: $0.00
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $0.00 Personal Prop. Taxes Forgone:
Project Investment
Real Property: $47,882,776.00 Other Tax Incentives: $0.00
Personal Property: $5,144,316.00 TIRC Date: 6/14/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $111,619.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $0.00
Personal Property Taxes Paid: Annual Report Year: 2016
Personal Prop. Taxes Forgone:
Local Corp Income Taxes Paid:

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