Business  |  Tax Incentives


King Luminaire Co., Inc.
Agreement #133-10-01
Zone 133


Agreement Information

Community: JEFFERSON (TOWNSHIP OF)      ODOD Status: Active
County: ASHTABULA      Agrmt Date: 6/22/2010
Local School District:      Amend. Date:
Nature of Business: Manufacturing      Expiration Date: 12/31/2016
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 3646

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $216,000.00 $216,000.00
Exemptions $0.00 $129,600.00 $129,600.00
 

Personal Property

M & E F & F Inventory Total
Investments $0.00 $0.00 $0.00 $0.00
Exemptions $0.00 $0.00 $0.00 $0.00
 

Incentives

Variable Rate Rate Term
Real No $60.00% 5 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: 49      Number Payroll
Employment in Ohio: 49      Retained 49 $1,474,500.00
     Fulltime Permanent 0 $0.00
     Fulltime Temporary 0 $0.00
     Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 0 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 85      Cumulative Taxes
Jobs Created: 0 Real Property Taxes Paid: $72,497.02
Jobs Retained: 49 Real Property Taxes Forgone: $6,787.07
Total FTE in Ohio: $85.00 Personal Property Taxes Paid: $0.00
New Payroll: $0.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid:
Real Property: $339,780.00 Other Tax Incentives: $0.00
Personal Property: $13,783.00 TIRC Date: 3/30/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $22,915.57 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $2,300.00
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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