Business  |  Tax Incentives


MICHAEL SHANK RACING SERVICES LLC ET. AL.
Agreement #091-06-01
Zone 091


Agreement Information

Community: ETNA (TOWNSHIP OF)      ODOD Status: Active
County: LICKING      Agrmt Date: 12/14/2006
Local School District:      Amend. Date:
Nature of Business: MANUFACTURING      Expiration Date: 12/31/2017
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $1,020,000.00 $1,020,000.00
Exemptions $0.00 $1,020,000.00 $1,020,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $63,750.00 $21,250.00 $85,000.00 $170,000.00
Exemptions $63,750.00 $21,250.00 $85,000.00 $85,000.00
 

Incentives

Variable Rate Rate Term
Real No $100.00% 10 yrs
Personal No $100.00% 10 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: 0      Number Payroll
Employment in Ohio: 5      Retained 5 $700,000.00
     Fulltime Permanent 5 $500,000.00
     Fulltime Temporary 0 $0.00
     Parttime Permanent 2 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 36 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 10      Cumulative Taxes
Jobs Created: 0 Real Property Taxes Paid: $26,276.00
Jobs Retained: 5 Real Property Taxes Forgone: $118,400.00
Total FTE in Ohio: $10.00 Personal Property Taxes Paid: $0.00
New Payroll: $0.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $1,030,064.00 Other Tax Incentives: $0.00
Personal Property: $170,000.00 TIRC Date: 3/24/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $3,893.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $17,642.00
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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