Business  |  Tax Incentives


CONNELL'S HOME FURNISHINGS, INC. Agreement #03-003 
CRA # 083-53102-02


Agreement Information
Community: MOUNT VERNON      ODOD Status: Active
County: KNOX      Agrmt Date: 11/25/2003
Local School District: MOUNT VERNON CITY      Amend. Date:
     Expiration Date: 12/31/2019
School Comp Agreement: No      Revenue Sharing: No
  SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $350,000.00 $350,000.00
Exemptions $0.00 $350,000.00 $350,000.00
 

Real Property Tax Incentives

Percentage  100 %  
Term 15 years  
 
Personal Property
M & E F & F Inventory Total
Investments $100,000.00 $75,000.00 $250,000.00 $425,000.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 7 $745,363.00
Fulltime Permanent 5 $100,000.00
Fulltime Temporary 0 $0.00
Parttime Permanent 2 $20,000.00
Parttime Temporary 0 $0.00
Job Creation Period: 36 months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 17      Cumulative Taxes
Jobs Created: 10 Real Property Taxes Paid: $14,305.64
Jobs Retained: 7 Real Property Taxes Forgone: $175,651.02
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $117,974.78 Personal Prop. Taxes Forgone: $0.00
Project Investment
Real Property: $644,630.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 7/25/2017
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $1,024.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $12,572.00
Personal Property Taxes Paid: $0.00 Annual Report Year: 2017
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid:

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