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We have reviewed our prior actions relating to the. designation of flits econamlc revitalization area all find <br />adopted In lite resolution plavlously approved by this: body. Sold resolvilon, passed under, IC 0-111.12, <br />authorized under lC 0-1.1.12,1-2. <br />gyral standards <br />limitations as <br />A. The designated area has been limited to a period of lime not to exceed calendar years' (see below), The dale Ihls deslgnatlon expires <br />Is. . NOTE: Title quostionaddm4sas wheflter Ilia resolution Captains an expiration dale for Ilia designated area. <br />B. The type of deduction that Is allowed In the doslgnalud area Is limited to: <br />1 , Installation of new manufacturing equipment; <br />❑ Yes ❑ No <br />❑ Enhanced Abalameni per IC 0.1.1.12,1-10 <br />2, Installationof now research and development equipment; <br />❑Yes ❑Nu <br />Checkbox /fan unhonced abatement was <br />approved for one armors offhose types. <br />3 , Installation of new logistical distribution equipment, <br />❑ Yes ❑ No <br />4 . Installation of new lnformatlon technology equipment; <br />❑ Yos ❑. No <br />C. Ilio amount of deduction applicable to new manufacturing equlpmont is limited to $ <br />cost with an assessed value of <br />$ , (One orboth lines may be filled outlo establish a limit, .lfdesired.)' <br />0. Tile amountof deductlot applicable to new research slid development equipment Is limited to $ cost with an assessed value of <br />$ , (one. orboth Ibles maybe filled out to establish a limit, Irosslrod.) <br />E. The amount of deduction applloable to new logistical distribution'equlpmen( is Illnhed to $ cost with an assessed value of <br />$ . (One or both //ties may he fllledbul lo,eslablish a limit, Irdeshad.) <br />F. The amount of deduction applicable to new Information technology equipment Is limited to $ cost with an assessedYalua of <br />$ , (olio orboth Pass may be fllledoulto oslabilsh a limit, lfdeslrad) <br />0. Other limitations or conditions (spooffy) _ <br />FI, The deduction for now manufacturing.equlpment andior new research and development equipment and/or newlogistical distribution equipment andlor <br />new Information technology equipment Installed and first claimed eligible for deduction Is allowed for; <br />❑ Yearl ❑ Year2 ❑ Year ❑ Year ❑ Year ❑ Enhanced Abatement periO0.1,1=12.1-18 <br />Number of years approved; <br />❑ Year0 ❑ Yeor7 ❑ Yearn ❑. Yearg ❑ Year 10 '(Enforces to twenty (1-20) years; maynof <br />exceed twonfy(20) years.) <br />1. Forza Statement of Benefits approved after June 30, 2013, did this designating body adopt an abatement schedule per IG O4.1-121.177'❑Yes .❑No. <br />If yes, clinch a copy of the abatement schedule to ]his form. <br />If no, the dedgru ling body Is required to. establish an abatement schedule before the deduction can be determined. <br />Also we have reviewed the Information contained In the statement of benefits andNid that ilio estimates and expeclallons are reasonable and have <br />determined that the (ability of bena0ls Is sufficient to justify the deduction described above. <br />If the designating body limits lite time period during which an area is an econotilo revitalization area, Ilia[ Ihnitellon doesnot limp ilia length of time a <br />taxpayer is entitled to receive a deduction to a numberor:years that Is less [hail the number of years designated under ICs -0,1-i2.1+17. <br />IC 04,1.12,1.17 <br />Abatement solrndulas <br />See.17. (a) Adeslgnallno body may provide to a business that Is established In or relueated to a revltallzallon area and that receives a deduction under <br />section 4 or 4.5 of this chapter an abatementschedule based on Ilio following factors: <br />(1) The total amount of the taxpayer's Investment In real and pampnal property, <br />(2) Tho number of new full -lime equivalent jobs created, <br />(3) The average wage of the new, employees compared to the state minimum were, <br />(4) The Infrastructure requIroments for the.laxpayer's Investment, <br />(b)Thls subsection applies to a statement of benefits approved offal June 30, 2013. A designating body shall establish an abatement schedule <br />for each deduction allowed under this chapter. An abatement schedule must specify Ills percentage, amount of the deduction for each year of Ilio <br />deduction, Except as provided In 10 0-1.1-12.1-10, an abatement schedule may not exceed len (10) years, <br />(e) An abatement schedule approved for a particular taxpayer before July 1, 2013, remains in affect until lire abatement schedule expires under <br />the terms of the resolullon approving ilia laxpayer's statement of benefits, <br />Page 201`2 <br />