Business  |  Tax Incentives


HOOVER'S TRUCK & EQUIPMENT, LLC
Agreement #300-13-02
Zone 300


Agreement Information

Community: FRANKLIN (TOWNSHIP OF)      ODOD Status: Active
County: TUSCARAWAS      Agrmt Date: 8/15/2013
Local School District:      Amend. Date:
Nature of Business: MANUFACTURING      Expiration Date: 12/31/2025
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 3537

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $13,000.00 $75,000.00 $88,000.00
Exemptions $7,800.00 $45,000.00 $52,800.00
 

Personal Property

M & E F & F Inventory Total
Investments $18,000.00 $8,000.00 $0.00 $26,000.00
Exemptions $10,800.00 $4,800.00 $0.00 $15,600.00
 

Incentives

Variable Rate Rate Term
Real No $60.00% 10 yrs
Personal No $0.00% 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: 9      Number Payroll
Employment in Ohio: 9      Retained 9 $0.00
     Fulltime Permanent 2 $60,000.00
     Fulltime Temporary 0 $0.00
     Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 12 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 10      Cumulative Taxes
Jobs Created: 1 Real Property Taxes Paid: $1,156.05
Jobs Retained: 9 Real Property Taxes Forgone: $1,734.70
Total FTE in Ohio: $10.00 Personal Property Taxes Paid: $0.00
New Payroll: $28,500.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid:
Real Property: $135,000.00 Other Tax Incentives: $0.00
Personal Property: $35,000.00 TIRC Date: 2/10/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $586.71 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $880.78
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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