Business  |  Tax Incentives


AEP GENERATING COMPANY
Agreement #244-00-05
Zone 244


Agreement Information

Community: CASS TOWNSHIP      ODOD Status: Active
County: MUSKINGUM      Agrmt Date: 11/2/2000
Local School District:      Amend. Date:
Nature of Business: POWER GENERATION      Expiration Date: 12/31/2023
School Comp Agreement: Yes      Revenue Sharing: No
Estimated Annual School Compensation 262477.0000 SIC Code: 4911

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $15,250,000.00 $15,250,000.00
Exemptions $0.00 $15,250,000.00 $15,250,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $19,975,000.00 $0.00 $0.00 $19,975,000.00
Exemptions $19,975,000.00 $0.00 $0.00 $19,975,000.00
 

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: 0
In State: No Community: Jobs: 0
Waiver Issued by ODOD: None
 

Employment

Existing Employment Job and Payroll Commitments
Employment at site: 0      Number Payroll
Employment in Ohio: 0      Retained 0 $0.00
     Fulltime Permanent 15 $1,200,000.00
     Fulltime Temporary 0 $0.00
     Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 36 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 42      Cumulative Taxes
Jobs Created: 17 Real Property Taxes Paid: $679,648.00
Jobs Retained: 0 Real Property Taxes Forgone: $2,442,391.00
Total FTE in Ohio: $6,067.00 Personal Property Taxes Paid: $300,809.00
New Payroll: $1,200,000.00 Personal Prop. Taxes Forgone: $9,800,096.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $15,250,000.00 Other Tax Incentives: $0.00
Personal Property: $165,000,000.00 TIRC Date: 3/22/2016
Previous Year Taxes TIRC Recommendation: EXPIRE
Real Property Taxes Paid: $426,369.00 Local Gov't. Action/Status: EXPIRE
Real Property Taxes Forgone: $0.00
Personal Property Taxes Paid: $242,280.00 Annual Report Year: 2015
Personal Prop. Taxes Forgone: $4,755,593.00
Local Corp Income Taxes Paid: $0.00

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