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Resolution 14-2023 Regarding Certain Personal Property Tax Abatement Deductions - Buffers, USA
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Resolution 14-2023 Regarding Certain Personal Property Tax Abatement Deductions - Buffers, USA
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7/10/2023 2:01:05 PM
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7/10/2023 1:15:55 PM
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Wu -tlrs tk,;A, rtrbM 4 P(W <br />Mooresville, ludiaua <br />Tax Abatement 1*09raur <br />DeciSlo_,i _C aadealues:, <br />'Pax Abatemontlor real andlrersonalproperty (equipmont) may be granted bornew and existingindusniel/ <br />commercial (non retail) property, based oo the arnom t of'new iuvestuunt in real property/per:soual property n ; <br />to lodiana and ibe number of local jobs created or retai-led. <br />'14coriue Matrix: <br />Type ofPa'adlict <br />Score <br />Tnvestancut <br />Score <br />luclustrial/Ivlarrtliaciuring <br />D <br />$51Vlillion or Greater <br />10 <br />Rescarch/Developrnertt <br />7 <br />$3 Million to $4.999 Million <br />8 <br />Warebousing/Distribution <br />6 <br />$1.5 Nallion to $2.999 i\6dion <br />6 <br />Coanmcroial Development (non rotail) <br />i{ <br />$0.5 Million to $ 1.4999 Million <br />3 <br />� <br />Under $0.4999 bf pion <br />Local Jobs Creatod or- Retained Score <br />ExistingBusiuess/lpdustrl� <br />Score <br />Located 7n 11!1•orgau Count <br />100 and Above <br />12 <br />75 to 99 <br />8 <br />For at least len. year <br />3 <br />,)0 to 74 <br />6 <br />25 to 49 <br />For' at least C y(kwl <br />I <br />05 to 24 <br />Below 5 <br />1 <br />For at lead ono year. <br />1 <br />N <br />Abatemient .[)iu.4on <br />Real Property <br />Egailntrent <br />Score <br />20 or Above <br />16 years <br />10 ymirs <br />15 to 19 <br />6 years <br />5 years <br />10 to 14 <br />3 yeses <br />3 yetus <br />.LOSS 1'lran 10 Points <br />0 <br />(1 <br />
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