Business  |  Tax Incentives


MAC TRAILER REALTY, INC & MAC SERVICE
Agreement #159-03-03
Zone 159


Agreement Information

Community: LEXINGTON      ODOD Status: Active
County: STARK      Agrmt Date: 10/21/2003
Local School District:      Amend. Date:
Nature of Business: MANUFACTURING      Expiration Date: 4/9/2014
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 441229

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $960,000.00 $960,000.00
Exemptions $0.00 $960,000.00 $960,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $500,000.00 $75,000.00 $815,000.00 $1,390,000.00
Exemptions $500,000.00 $75,000.00 $815,000.00 $575,000.00
 

Incentives

Variable Rate Rate Term
Real No $60.00% 10 yrs
Personal No $60.00% 10 yrs
 

Relocations

From Out of State: No State: Jobs: 0
In State: No Community: Jobs: 0
Waiver Issued by ODOD: None
 

Employment

Existing Employment Job and Payroll Commitments
Employment at site: 0      Number Payroll
Employment in Ohio: 0      Retained 0 $0.00
     Fulltime Permanent 25 $625,000.00
     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: 65      Cumulative Taxes
Jobs Created: 65 Real Property Taxes Paid: $853,840.96
Jobs Retained: 65 Real Property Taxes Forgone: $391,616.52
Total FTE in Ohio: $65.00 Personal Property Taxes Paid: $104,830.00
New Payroll: $2,823,722.84 Personal Prop. Taxes Forgone: $70,475.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $4,997,544.00 Other Tax Incentives: $0.00
Personal Property: $3,434,245.00 TIRC Date: 3/12/2015
Previous Year Taxes TIRC Recommendation: EXPIRE
Real Property Taxes Paid: $116,375.92 Local Gov't. Action/Status: EXPIRE
Real Property Taxes Forgone: $35,464.42
Personal Property Taxes Paid: $0.00 Annual Report Year: 2014
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid: $0.00

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