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Hoosier Energy's Indiana Tax Abatement Estimator Page 2 of 2
<br /> Tndlana Property Tax Estimator •
<br /> Morgan county,MOORESVILLE TOWN,Tax District No:55005
<br /> Tax Rate(2013):$1.8434 •
<br /> Project Name;Vegas
<br /> PERSONAL PROPERTY
<br /> Cost of Personal Property:$400,000.00
<br /> With Abatement Without Abatement •
<br /> Circuit Circuit Estimated
<br /> Breaker Net Breaker Net Tax
<br /> Property Tax Property Property Tax Property Abatement
<br /> Taxes Credit Taxes Taxes Credit Taxes Savings
<br /> Year 1 $0 $0 $0 $2,949 $0 $2,949 $2,949
<br /> Year 2 $413 $0 $413 $4,129 $0 $4,129 $3,716
<br /> Year 3 $619 $0 $619 $3,097 $0 $3,097 $2,478
<br /> Year 4 $708 $0 $708 $2,360 $0 $2,360 $1,652 .
<br /> Year 5 $885 $0 $885 $2,212 $0 $2,212 $1,327
<br /> Year 6 $1,106 $0 $1,106 $2,212 $0 $2,212 $1,106
<br /> Year 7 $1,327 $0 $1,327 $2,212 $0 $2,212 $885
<br /> Year8 $1,548 $0 $1,548 $2,212 $0 $2,212 $664 •
<br /> Year 9 $1,770 $0 $1,770 $2,212 $0 $2,212 $442
<br /> Year 10 $1,991 $0 $1,991 $2,212 $0 $2,212 $221
<br /> Totals $10,367 $0 $10,367 $25,807 $0 $26,808 $15,440
<br /> Note:The rates used In the lax abatement calculator are certified 2013 rates(unless otherwise noted).Taxing districts will
<br /> be updated when the 01Gf certifies their2013 lees.
<br /> DISCLOSURES
<br /> -The assonant calculations were prepared by timbasgni,a tlnandal consulting Ems,In connection gins Hoosier Energy,based on
<br /> current State stature.This calculation Is Intended to provide en ILLUSTRATIVE and PREIIMIBMY Indication of the level of
<br /> Property lazes and potential tax savings fore proposed lmestnient based on certain assumptions. Please reed the Disclosures
<br /> carefully.
<br /> Companies
<br /> ustps null their own tax advisors to determine their actual lax Wally and to prepare their annual Indiana
<br /> To be ellgihxle to relate property tax abatements in Indiana,a Company must follow a specific application process. Please
<br /> contact your Hoosier Energy representative tor further abidance.
<br /> -Assumes 2012 pay 2013 prelim%tax,ales as indicated,as provided by the Department of Local Government finance.
<br /> Actual assessed valve of a structure will be determined y the local Assessor upon completion,Thk value may be materially
<br /> different from the veins provided N this estimate.
<br /> • anal property in Indiana Is subject to annual adjustments of assessed value to the market value of the structure based on annual
<br /> safes data rrond(ng-j.no adjustments for Trendln0 era mode In this ensnare.
<br /> • All yemenel pmparlyY(equipment/is assumed to be new,and le assumed to be depreciated for property tax purposes le Paola
<br /> (5.0 year depreciable lire). A mixture of new and insisting equipment(as well cue a mixture or dspreciatlen posit)will products
<br /> different tax savings results.
<br /> -Assumes a ono-time investment an real and personal property. staggering the Invesimeete may have a materiel effect on the
<br /> actual value ofroperty tax abatements.
<br /> • Includes Ilse calculation of the Minimum Value Ratio(MVRN for the abatement calculation for personal property investments.The
<br /> NW effedlvely Increases the assessed value used In the abatement calcelatlon when the taxpayer Is subject to the 30%
<br /> depreciation Boon. The MVR equals the adjusted assessed value at the 30%floor divided by the depredated aaessed value of
<br /> the equipment,
<br /> -'nines the application of the Circuit Breaker Tas Credit,nhiUs MN the total property tax liability of a taxpayerto 3.00%of
<br /> the gross assessed vane of real and personal property,beginning with taxes payable In 2010.
<br /> The lax abatement savings value is an ESTIMATE based on preliminary lntnnnatlon entered Into talc ealculalof.Actual
<br /> abatement saving¢may Very naalexially tress the resells of this calculator,based on the timing of the Investment the actual
<br /> assessment ofstructures Including Yrending),differences in the depreciation pools for personal pmpeHy,annual in tax
<br /> rales,adaption ore local option income tax tar property tax relief purposes,chaps to Indiana property sax low ofregulations,
<br /> r changes In assessment methodology.
<br /> The results of IRAs calculator should he treated as an ESTtIIATE available Mr NUS UMW purposes only,and should be treated at
<br /> as estimate when newsgirls,negoliatinp and canna lnnentiveas end should be noted as such In memoranda and Iogn
<br /> documents retain thereto.
<br /> iiiii
<br /> HOOSIERENERGY ' ` t`
<br /> assn R.Shawn) Ole KTac.sanam son NO
<br /> abuialaaudunr 0004 Iaaon,W.a 46240
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<br /> ten..PI;117630,0 a:un40.ufe
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<br /> http://www.hepn.com/ed/calculator/indiana.asp?gsProeess=ealc 4/2/2014
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