Business  |  Tax Incentives


ALERIS Rolled Products, Inc., formerly COMMONWEALTH ALUMINUM CONCAST AND COMMONWEALTH METALS
Agreement #331-99-01
Zone 331


Agreement Information

Community: MILL TOWNSHIP      ODOD Status: Active
County: TUSCARAWAS      Agrmt Date: 1/28/1999
Local School District:      Amend. Date:
Nature of Business: MANUFACTURING      Expiration Date: 12/31/2016
School Comp Agreement: Yes      Revenue Sharing: No
Estimated Annual School Compensation 32500.0000 SIC Code: 3353

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $3,200,000.00 $3,200,000.00
Exemptions $0.00 $3,200,000.00 $3,200,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $9,500,000.00 $0.00 $4,040,000.00 $13,540,000.00
Exemptions $9,500,000.00 $0.00 $4,040,000.00 $9,500,000.00
 

Incentives

Variable Rate Rate Term
Real No $100.00% 15 yrs
Personal No $100.00% 15 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: 212      Number Payroll
Employment in Ohio: 292      Retained 0 $0.00
     Fulltime Permanent 27 $982,897.00
     Fulltime Temporary 0 $0.00
     Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 18 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 210      Cumulative Taxes
Jobs Created: 30 Real Property Taxes Paid: $0.00
Jobs Retained: 0 Real Property Taxes Forgone: $498,305.00
Total FTE in Ohio: $210.00 Personal Property Taxes Paid: $0.00
New Payroll: $1,151,980.00 Personal Prop. Taxes Forgone: $1,019,431.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $3,906,639.00 Other Tax Incentives: $0.00
Personal Property: $77,893,459.00 TIRC Date: 2/24/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $0.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $32,937.00
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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