Form 1012 - Application For Industrial Facilities Tax Exemption Certificate Page 3
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4Form 1012, Page 3
Instruction for Completing Form 1012,
Industrial Facilities Tax Exemption (IFT) Application
The completed original application form 1012 and all
applicable, verifying lessee (applicant) has direct ad
required attachments, plus two additional copies, MUST
valorem real and/or personal property tax liability. The
be filed with the clerk of the local unit of government where
applicant must have real and/or personal property tax
the facility is or will be located. Complete applications must
liability to qualify for an IFT abatement on leased
property. If applying for a real property tax exemption
be received by the State Tax Commission by October 31
to ensure processing and certification for the following tax
on leased property, the lease must run the full length of
year. Applications received after the October 31 deadline
time the abatement is granted by the local unit of
will be processed as expeditiously as possible.
government.
Please note that attachments listed on the application in
The following information is required of the local unit of
number 16a are to be retained by the local unit of
government: [Please note that only items 2, 4, 5, 6, & 7
government, and attachments listed in number 16b are to
below are forwarded to the State Tax Commission with the
be included with the application when forwarding to the
application, along with items 2 & 3 from above. The original
State Tax Commission (STC).
and one complete copy are required by the STC. The
remaining items are to be retained at the local unit of
(Before commencement of a project the local unit of
government for future reference. (The local unit must
government must establish a district, or the applicant must
verify that the school district listed on all IFT
request in writing a district be established, in order to qualify
applications is correct.)]
for an IFT abatement. Applications and attachments must
be received by the local unit of government within six months
1. A copy of the notice to the general public and the certified
of commencement of project.)
notice to the property owners concerning the
establishment of the district.
The following information is required on separate
2. Certified copy of the resolution establishing the Industrial
documents attached to form 1012 by the applicant and
provided to the local unit of government (city, township
Development District (IDD) or Plant Rehabilitation
or village) in triplicate. (Providing an accurate school
District (PRD), which includes a legal description of the
district where the facility is located is vital.):
district (see sample). If the district was not established
prior to the commencement of construction, the local
1. Legal description of the real property on which the facility
unit shall include a certified copy or date stamped copy
is or will be located. Also provide property identification
of the written request to establish the district.
number if available.
3. Copy of the notice and the certified letters to the taxing
2. Personal Property Requirements: Complete list of new
authorities regarding the hearing to approve the
machinery, equipment, furniture and fixtures which will
application.
be used in the facility. The list should include description,
beginning date of installation or expected installation by
4. Certified copy of the resolution approving the application.
month/day/year, and costs or expected costs (see
The resolution must include the number of years the
local unit is granting the abatement and the statement
sample). Detail listing of machinery and equipment must
match amount shown on question 6b of the application.
“the granting of the Industrial Facilities Exemption
Personal property applications must have attached a
Certificate shall not have the effect of substantially
certified statement/affidavit as proof of the beginning
impeding the operation of (governmental unit), or
date of installation (see sample).
impairing the financial soundness of a taxing unit which
levies ad valorem property taxes in (governmental unit
3. Real Property Requirements: Proof of date the
– see sample).
construction started (groundbreaking). Applicant must
include one of the following if the project has already
5. Letter of Agreement (signed by the local unit of
begun; building permit, footings inspection report, or
government and the applicant per P.A. 334 of 1993
(see sample).
certified statement/affidavit from contractor indicating
exact date of commencement.
4. Complete copy of lease agreement as executed, if
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