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Last modified
2/26/2015 11:56:27 AM
Creation date
2/26/2015 11:55:01 AM
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Public Documents
Meeting Minute Type
Town Council Minutes
ISSUE DATE
12/16/2014
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Tax Abatement Program —Mooresville(Morgan County), Indiana <br /> Decision Guidelines: TOA USA LW <br /> Tax Abatement for real and personal property (equipment)may be granted for new and existing industrial/ <br /> commercial (non retail) property, based on the amount of new investment in real property/personal property <br /> new to Indiana and the number of local jobs created or retained. <br /> Scoring Matrix: <br /> Type of Product Score Investment Score <br /> Industrial/Manufacturing 8 $5 Million or Greater 10 <br /> Warehousing/Distribution 6 $1.5 Million to $2.999 Million 6 <br /> Commercial Development(non retail) 4 $0.5 Million to$ 1.4999 Million 3 <br /> Under$0.4999 Million 2 <br /> Local Jobs Crea I i t , , •. Score Existing Business/Industry Score <br /> Located in Morgan County <br /> 00 and Above 12 <br /> 75 to '' For at least ten years 3 <br /> 50 to 74 6 <br /> 25 to 49 4 For at least five years 2 <br /> 05to24 2 <br /> Below 5 I For at least one year <br /> Abatement Duration <br /> Real Property Equipment <br /> Score <br /> 0 or Above 10 years 10 ear <br /> 15 to 19 years 5 years Total=33 <br /> 10 to 14 3 years 3 years <br /> Less Than 10 Points 0 0 <br /> Rcv.I0.09,2000 <br />
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