In determining whether an applicant is entitled to a deduction for new manufacturing equipment, new research and development equipment, new logistical distribution equipment, or new information technology equipment as defined in IC 6-1.1-12.1-1(3), 6-1.1-12.1-1(12), 6-1.1-12.1-1(13) or 6-1.1-12.1-1(14), the Common Council shall qualify a designation by limiting the number of years of deduction for eligible personal property to three, five, seven or ten years based on the following Review System and corresponding abatement schedules:
Points Possible | Points Awarded |
Points Possible | Points Awarded | |
INVESTMENT (30 points possible) | ||
Total new investment in equipment | ||
Over $5,000,000 | 10 | |
$1,000,000 to $4,999,999 | 8 | |
$500,000 to $999,999 | 6 | |
$0 to $499,999 | 4 | |
Investment per employee (both jobs created and retained) | ||
$35,000 or more | 10 | |
$18,500 to $34,999 | 8 | |
$6,250 to $18,499 | 6 | |
$1,250 to $6,249 | 4 | |
Less than $1,249 | 2 | |
Estimated local income taxes generated from jobs retained | ||
$80,000 or more | 5 | |
$30,000 to $79,999 | 4 | |
$10,000 to $29,999 | 3 | |
$5,000 to $9,999 | 2 | |
Less than $5,000 | 1 | |
Estimated local income taxes generated from jobs created (double points for start-up) | ||
$30,000 or more | 5 | |
$10,000 to $29,999 | 4 | |
$5,000 to $9,999 | 3 | |
$3,000 to $4,999 | 2 | |
Less than $3,000 | 1 | |
ECONOMIC BASE (20 points possible) | ||
Location quotient in designated occupation code (use majority occupation code of all created and retained jobs) | ||
Greater than 1.0 | 5 | |
Estimated percent of business done outside Allen County | ||
Greater than 75% | 15 | |
50% to 74% | 10 | |
25% to 49% | 5 | |
JOBS (20 points possible) | ||
Total number of permanent jobs retained | ||
Over 250 | 10 | |
100 to 249 | 8 | |
50 to 99 | 6 | |
25 to 49 | 4 | |
10 to 24 | 2 | |
1 to 9 | 1 | |
Total number of permanent jobs created | ||
Over 100 | 10 | |
50 to 99 | 8 | |
25 to 49 | 6 | |
10 to 24 | 4 | |
1 to 9 | 2 | |
WAGES (20 points possible) | ||
Median salary of the jobs created and/or retained | ||
Over $47,999 | 20 | |
$43,000 to $47,999 | 16 | |
$38,000 to $42,999 | 12 | |
$33,000 to $37,999 | 8 | |
$28,000 to $32,999 | 4 | |
Under $28,000 | 0 | |
BENEFITS (10 points possible) | ||
Major medical plan offered | 7 | |
Pension, tuition reimbursement, life insurance, dental insurance and/or disability insurance offered | 1 | |
SUSTAINABILITY | ||
Construction uses green building techniques (i.e. LEED certification) | 5 | |
Construction uses techniques to minimize impact on combined sewer overflows | 5 | |
TOTALS | ||
LENGTH OF ABATEMENT | ||
20 to 39 points - 3 year abatement | ||
40 to 59 points - 5 year abatement | ||
60 to 69 points - 7 year abatement | ||
70 to 100 points - 10 year abatement | ||
* If average annual salary of the full-time jobs created by listed occupation is 10% or greater than the average salary for Allen County using current occupational employment statistics, and is eligible for a 10 or 7 year abatement, then the applicant is eligible for an alternate deduction schedule | ||
10 Year | ||
Year 1 | 100% | |
Year 2 | 100% | |
Year 3 | 100% | |
Year 4 | 100% | |
Year 5 | 100% | |
Year 6 | 90% | |
Year 7 | 80% | |
Year 8 | 65% | |
Year 9 | 50% | |
Year 10 | 40% | |
7 Year | ||
Year 1 | 100% | |
Year 2 | 100% | |
Year 3 | 100% | |
Year 4 | 100% | |
Year 5 | 100% | |
Year 6 | 71% | |
Year 7 | 43% | |
TAX ABATEMENT SCHEDULES—PERSONAL PROPERTY
Year | Percentage |
Year | Percentage |
(1) Three Year Abatement Schedule | |
1 | 100% |
2 | 66% |
3 | 33% |
(2) Five Year Abatement Schedule | |
1 | 100% |
2 | 80% |
3 | 60% |
4 | 40% |
5 | 20% |
(3) Seven Year Abatement Schedule | |
1 | 100% |
2 | 85% |
3 | 71% |
4 | 57% |
5 | 43% |
6 | 29% |
7 | 14% |
(4) Ten Year Abatement Schedule | |
1 | 100% |
2 | 95% |
3 | 80% |
4 | 65% |
5 | 50% |
6 | 40% |
7 | 30% |
8 | 20% |
9 | 10% |
10 | 5% |
(Ord. G-05-97, passed 4-8-97; Am. Ord. G-23-00, passed 9-12-00; Am. Ord. G-19-04, passed 9-14- 04; Am. Ord. G-16-08, passed 12-9-08; Am. Ord. G-1-12, passed 12-20-11; Am. Ord. G-3-13, passed 2-26-13; Am. Ord. G-22-13, passed 10-8-13; Am. Ord. G-18-17, passed 7-25-17; Am. Ord. G-8-18, passed 4-24-18)