The URL can be used to link to this page

Home My Public Portal About084-1995 - SPECIAL ORDINANCE AMENDING AND CLARIFYING THE INTENTORDINANCE NO. 84 - 1995 A SPECIAL ORDINANCE AMENDING AND CLARWYING THE INTENT OF ORDINANCE NO. 41-1995 WHEREAS Common Council of the City of Richmond, Indiana adopted Ordinance No. 41-1995, which approved new manufacturing equipment deductions under IC 6-1.1-12.1 ("NNE Deductions") for a 10 year period for taxpayers listed in Ordinance No. 41- 1995 under the heading "RESOURCE RECOVERY EQUIPMENT - 10 YEARS," and WHEREAS Common Council is advised that Color -Box, Inc., Primex Plastics Corporation, and Transilwrap Company, Inc., had qualified for NNE Deductions for a 5 year period with respect to personal property installations as of the 1992 assessment date, the 1993 assessment date, or both and had claimed resource recovery system deductions under IC 6-1.1-12-28.5 ("RRS Deductions') with respect to the said personal property .................. ..installations for the first time for the 1994 assessment date, and WHEREAS when the Indiana General Assembly adopted House Enrolled Act 1598, the above named taxpayers were disqualified in 1995 from receiving the benefits of the RRS Deductions approved in 19944 for the 1994 assessment year, and WHEREAS Common Council is advised that the State Board of Tax Commissioners has approved NNE Deductions under Ordinance No. 41-1995 for a 10 year period for personal property installed as of the 1994 and 1995 assessment dates, and desires to amend Ordinance No. 41-1995 to clarify its intent, NOW, THEREFORE, be it ordained by the Common Council of the City of Richmond, Indiana, that Ordinance No. 41-1995 is amended by adding after the body of the ordinance as originally adopted the following: "And be it further ordained by said Common Council that with respect to 1994 taxes payable in 1995 and to later years, the deductions in assessed valuation for new manufacturing equipment under IC 6-1.1-12.1 of Color -Box, Inc., Primex Plastics Corporation, and Transilwrap, Inc. for new manufacturing equipment installations as of the 1992 assessment date, the 1993 assessment date, or both shall be determined using the 10 year period and deduction percentages set fora in IC 6-1.1-12.1-4.5(e)(2), so that for the 1992 equipment installations, the 1994 assessment year will be the third year of the 10 year period, and for the 1993 equipment installations, the 1994 assessment year will be the second year of the 10 year period. Passed and adopted this 6th day of November, 1995, by the Common C uncil f the City of Richmond, Indiana. resident (Sarah L. Hutton) ATTES WWK6., ,City Clerk (Norma Carnes) PRESENTED to the Mayor of the City of Richmond, Indiana, this 7th day of November, 1995, at $:05 a.m. 0,City Clerk (Norma Carnes) APPROVED by me, Roger Cornett, Mayor of the ;Ci =n, diana, this 7th day of November, 1995, at 5:05 a.m. � ayor \ er Cornett) Vl�t K City Clerk (Norma Carnes) CITY OF RICHMOND DEPARTMENT OF LAW 50 North 5th Street Richmond, Indiana 47374 Phone (317) 983-7220 Fax (317) 966-2255 November 3, 1995 Common Council Richmond, Indiana 47374 RE: Ordinance No. 84-1995 Dear Council Member: ROGER CORNETT Mayor THOMAS S. MILLIGAN City Attorney This ordinance clarifies the intent of ordinance No. 41-1995 with respect to three taxpayers. This ordinance has been requested by Geo. S. Olive & Co. on behalf of the three taxpayers as a result of their contacts with the Indiana State Board of Tax Commissioners. The intent of Ordinance No. 41-1995 was to give the three taxpayers a ten year abatement on new manufacturing equipment. This ordinance adds a paragraph to the prior ordinance to clarify your intent. Tony Gillam of Geo. S. Olive & Co. will be present to answer any of your questions. The ordinance can be passed with all three readings in a single meeting upon suspension of rules to advance to second and third readings. Sincerely, �✓ �hJ Thomas S. Milligan City Attorney Enclosure TSM/mad DISPOSITION OF ORDINANCE NO. RESOLUTION NO. -19 by Common Council Ordinance No. Resolution No. Eistro Lundy Brookban Donat McBric a Parke Allen Dickmar Hutton Date Susp. rules Ist read Title only Seconded---- ----- ---- ------- ---�- ----- ---- ----- ---- ---------- Proof of Publicaton Seconded -- ---- --------- Move to 2nd read Seconded --------------------------------- ------ ----------------- Engrossment t/ Seconded -�/ ----- -------- Susp rules 3rd read Seconded ---- ----- --------- Passage ------- --- O FZ- ----- -------- --------- ----- ----- ---------------------------- Rejection Date Passed 1 �— � — COMMITTEE ASSIGNMENTS: Committee Date Commttee Hearing Date Reassigned to Council Agenda PUBLICATION DATES: AMENDMENTS: COMMENTS: