Business  |  Tax Incentives


K&M Tire, Inc. and Langhals Enterprises, LLC
Agreement #198-11-01
Zone 198


Agreement Information

Community: Delphos      ODOD Status: Active
County: ALLEN      Agrmt Date: 5/4/2011
Local School District:      Amend. Date:
Nature of Business: commercial      Expiration Date: 12/31/2023
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 423130

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $750,000.00 $750,000.00
Exemptions $0.00 $450,000.00 $450,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $150,000.00 $0.00 $1,000,000.00 $1,150,000.00
Exemptions $0.00 $0.00 $0.00 $0.00
 

Incentives

Variable Rate Rate Term
Real No $60.00% 10 yrs
Personal No $0.00% 0 yrs
 

Relocations

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

Employment

Existing Employment Job and Payroll Commitments
Employment at site: 97      Number Payroll
Employment in Ohio: 111      Retained 97 $0.00
     Fulltime Permanent 10 $300,000.00
     Fulltime Temporary 0 $0.00
     Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 24 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 142      Cumulative Taxes
Jobs Created: 93 Real Property Taxes Paid: $224,133.78
Jobs Retained: 0 Real Property Taxes Forgone: $57,848.52
Total FTE in Ohio: $160.00 Personal Property Taxes Paid: $0.00
New Payroll: $2,885,073.43 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid:
Real Property: $1,699,477.00 Other Tax Incentives: $0.00
Personal Property: $1,548,514.00 TIRC Date: 3/15/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $64,976.36 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $14,764.83
Personal Property Taxes Paid: $0.00 Annual Report Year: 2015
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid:

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