Form Sb - 1 - Statement Of Benefits - 2001 Page 2
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1
2FOR USE OF THE DESIGNATING BODY
We have reviewed our prior actions relating to the designation of this economic revitalization area and find that the applicant meets the
general standards adopted in the resolution previously approved by this body. Said resolution, passed under IC 6-1.1-12.1-2.5, pro-
vides for the following limitations as authorized under IC 6-1.1-12.1-2.
*
A .
The designated area has been limited to a period of time not to exceed ____________ calendar years
(see below). The date this
designation expires is _______________________________ .
B . The type of deduction that is allowed in the designated area is limited to:
Yes
N o
1 . Redevelopment or rehabilitation of real estate improvements;
Yes
N o
2 . Installation of new manufacturing equipment;
Yes
3 .
Installation of new research and development equipment;
N o
4 .
Yes
N o
Residentially distressed areas
C . The amount of deduction applicable for redevelopment or rehabilitation is limited to $ __________________ cost with an assessed
value of $ __________________.
D . The amount of deduction applicable to new manufacturing equipment is limited to $ _________________ cost with an assessed
value of $ ____________________.
E .
The amount of deduction applicable to new research and development equipment is limited to $ _________________ cost with
an assessed value of $ ____________________.
F.
Other limitations or conditions (specify)__________________________________________________________________________
Also we have reviewed the information contained in the statement of benefits and find that the estimates and expectations are reason-
able and have determined that the totality of benefits is sufficient to justify the deduction described above.
Approved: (signature and title of authorized member)
Telephone number
Date signed (month, day, year)
(
)
Attested by:
Designated body
*
If the designating body limits the time period during which an area is an economic revitilization area, it does not limit the length of time
a taxpayer is entitled to receive a deduction to a number of years designated under IC 6-1.1-12.1-4 or 4.5
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