Business  |  Tax Incentives


FAMOUS INDUSTRIES, INC.
Agreement #055-05-03
Zone 055


Agreement Information

Community: BYESVILLE      ODOD Status: Active
County: GUERNSEY      Agrmt Date: 11/29/2005
Local School District:      Amend. Date:
Nature of Business: MANUFACTUING      Expiration Date: 9/30/2016
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 332900

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $1,400,000.00 $1,400,000.00
Exemptions $0.00 $1,400,000.00 $1,400,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $350,000.00 $15,000.00 $75,000.00 $440,000.00
Exemptions $350,000.00 $15,000.00 $75,000.00 $365,000.00
 

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: 72      Number Payroll
Employment in Ohio: 204      Retained 0 $0.00
     Fulltime Permanent 4 $81,037.00
     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: 89      Cumulative Taxes
Jobs Created: 17 Real Property Taxes Paid: $131,702.00
Jobs Retained: 0 Real Property Taxes Forgone: $123,384.00
Total FTE in Ohio: $185.00 Personal Property Taxes Paid: $4,728.00
New Payroll: $683,545.00 Personal Prop. Taxes Forgone: $575.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $1,183,650.00 Other Tax Incentives: $0.00
Personal Property: $392,918.00 TIRC Date: 3/23/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $17,203.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $25,805.00
Personal Property Taxes Paid: $0.00 Annual Report Year: 2015
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid: $0.00

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