This story was reported earlier.
After being denied a tax exemption earlier, EDOG Logistics of Wichita, Kansas, applied again for "any kind" of tax exemption for their $1.3 million construction project that will eventually have a full-time staff of about 13 employees with a combined salary of about $780,000. The county denied the second request.
Stark County Commission members made it clear they will not be giving tax breaks in the oil patch after they rejected a second request from an oil-based business Tuesday morning.
EDOG Logistics, LLC, of Wichita, Kan., had submitted a request in June for a 100-percent five-year tax exemption which was denied. At Tuesday’s meeting the company was looking for any available incentive.
“When you start up a business, it doesn’t take off like an airplane,” EDOG Project Manager John C. Wadsworth said, adding the business did not expect 100 percent exemption, and would appreciate any break to get the $20 million project started.
Stark County Tax Director Diane Brines said the company would be expected to pay more than $250,000 per year in taxes.When I initially posted this story, I believe I said I had no trouble with the county commissioners' decision. But I can't remember. I can be schizoid on these things.
I don't know how they get from a $1.3 million construction project and less than $1 million salary and calling it a $20 million project. Be that as it may, $250,000 x 5 years = $1.25 million.
$1.25 million represents 6% of $20 million. Six percent doesn't seem out of line, and it will be a tax deduction. And that 6 percent is spread out over five years if I understand the article correctly.
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