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(Updated R <br />POLICY <br />j <br />• .!. 1: I I' f f" : Y++' I! : A S 1 1 f 11} i x 1 <br />!r <br />authorized facility located anywhere wit1 li the area served by the Taxing Jurisdictions based on the following <br />To be eligibLa for any taxt, there must be minimum w, investment n authorized r, y of $ 1,000,000 611.w� <br />at least an ! newjobs added to 11' new" employees lf f <br />2. Any I a capitalinvestmentof more ISI r': million +if 000001 M accompanied by <br />newly createdminimum ::fl" ; payroll of fand one-half million dollars I0044i 4" creating more than two <br />hundred I jobs will be of n negotiated. <br />specified in state law, If abatement be granted for more#' years and the totalabatement <br />#1 <br />newly business mustbe (or willbe) locatedwithinan enterprise1 designated reinvestment <br />jurisdictions5. Tlic taxing felsignificant difkrence in the valuation Mrealproperty personaproperty, <br />Bec <br />t.',- <br />a'` + depreciationI abatement of personal M F f' 1' fresult1 i tax exemption. For this reason, } "' <br />abatement sc! ;r" 1 personal property - property may be diftbrent. Each industrial f It is looked at and <br />d on an individual basis by die Iamar Countyrw:iW; District Ai). The typicaldepreciation tilt 'ed for <br />industrial accounts by i is as <br />a. Computers <br />Vehicles—b. Furniture&Fbftres— loyear life <br />c. to 10 year life (depending ontype) <br />d. Machinery & Equipment — 15 year life (maybe longer or shorter depending on the type) <br />iA or each abatement reqI Abatement Committee A' equipment(personal f kMinvestment%11 <br />useful life separatefromthe real estatefif" investment to d1'the length1theabatementfor each. <br />personal property should become obsoleteY bereplacedwhile underIabatementagreementthereplacement <br />personal property is not ig A forabatement. <br />achartsbelowprovidecapital guidelines yr qualifyfor taxabatement and i 7related schedule and <br />percentage of abatement. <br />0I1 ' #'. 1 11 N :+. 111a' <br />r <br />1114 <br />$25,000 ,001 and Above <br />Forprojec& with atpilat investment above WMAND ON <br />creating more awn 225 newJobs, dw &= andpervenrage ofther abatement are bed <br />n4p*ft but 5qnnof exceed 101"M or 10091 <br />An additional #' abatement f newjob creation is available based on the following requirements: <br />project ti. f #+ new wb <br />f. Tim 1' fw wages aree S to4 greater than theCounty • - wage, br a private1 Mi" excluding <br />retailtrade 1 accommodation and f 1 fi fannuallyor 2013. Source:Workforce! p! f fil: <br />