FILED UNDER SEAL¶
EXHIBIT 288¶
FINANCIAL TRUST COMPANY, INC.¶
1. APPUCATIONS:¶
(A) Original Application:¶
- a. Date:
- i. Received: 12/18/98
- ii. Accepted: oatietes— 3 /22/ (ri
- b. Activity: Financial and Economic Consulting, Money Management, Investment Advisory and Financial Services
- c. Commitment:
- i. Investment: $300K
- ii. Employment: 11 people
- d. Public Hearing : 04/23/99
- e. Decision Meeting: 09/07/99
- f. Governor Approval: 11/26/99
- g. Certificate: 10 years (Staggered Benefits)
- i. Commence: 04/01/99
- ii. Terminate: 12/31/09
- h. Incentives:
- i. Income Tax: 100%
- ii. Gross Receipts Tax: 10094
- iii. Real Property Tax (Business): 100%
- iv. Excise Tax (Machinery & Equipment): 100%
- v. Excise Tax (Raw Materials): 100%
- vi. Custom Duties: 1%
(B) Modification/Extension Application:¶
-
a. Date:
- i. Received: 12.08/18- 1/ (1/ a,
- ii. Accepted: 0241/E0- / ari v 7
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b. Activity: Designated Service Business Financial and Economic Consulting
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c. Commitment:
- i. Investment: $100K
- ii. Employment: 10 people
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d. Public Hearing : 02/12/09
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e. Decision Meeting:
- i. W.22/.094Tabled) r/2.7, 1?
- ii. 05/07/09 (Continued)
- iii. 05/28/09 (Tabled)
- iv. 10/15/09 (Approved)
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f. Governor Approval: 02/13/10
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g. Certificate: 5 years (Staggered Benefits)
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h. Incentives:
- i. Commence: 04/01/09
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II. Terminate: 12/31/14
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iii. Income Tax: 81%
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iv. Gross Receipts Tax: 90%
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v. Real Property Tax (Business): N/A
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vi. Excise Tax (Machinery & Equipment): 90%
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vii. Excise Tax (Raw Materials): N/A
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viii. Custom Duties: N/A
2. PETITIONS:¶
(A) Suspension Request:¶
- a. Date: 04/04/12
- b. Period: 03/23/12 03/22/13 (1 Year)
- c. Decision Meeting:
- i. 05/02/12 (Continued)
- ii. 05/17/12 (Tabled)
- iii. 06/21/12 (Approved)
(B) Termination Request:¶
- a. Date: 03/28/13
- b. Decision Meeting:
- c. Effective: 03/28/13
3. COMPLIANCE:¶
(A) 1st Compliance Report:¶
- a. Date: 04/17/08
- b. Period: 04/01/99 12/31/06
- c. Findings: In Compliance with All Certificate’s Standard and Special Conditions
(B) 2nd Compliance Report:¶
- a. Date: 01/31/14
- b. Period: 01/01/07 12/31/08
- c. Findings: In Compliance with All Certificate’s Standard and Special Conditions
(C) 3rd Compliance Report:¶
- a. Date: 01/31/14
- b. Period: 01/01/09 03/23/12
- c. Findings: In Compliance with All Certificate’s Standard and Special Conditions
SOUTHERN TRUST COMPANY, INC.¶
1. APPLICATIONS:¶
(A) Original Application:¶
- a. Date:
- i. Received: 09/21/12
- ii. Accepted: /0/ 2 /Z
- b. Activity: Designated Financial Services Business Development of Financial and Biomedical Informatics
- c. Commitment:
- i. Investment: $400K
- ii. Employment: 10 people (5 people immediately plus an additional 5 people by the end of the 6th year of operation)
- d. Public Hearing : 11/15/12
- e. Decision Meeting: 01/23/13
- f. Governor Approval: 05/31/13
- g. Certificate: 10 years
- i. Commence: 02/01/13
- ii. Terminate: 01/31/23
- h. Incentives:
- i. Income Tax: 90%
- ii. Gross Receipts Tax: 100%
- iii. Real Property Tax (Business): N/A
- iv. Excise Tax (Machinery & Equipment): 100%
- v. Excise Tax (Raw Materials): N/A
- vi. Custom Duties: N/A
2. PETITIONS: N/A¶
3. COMPLIANCE:¶
• Compliance Report:¶
- a. Date: 11/15/18
- b. Period: 02/01/13 12/31/17
- c. Findings: In Compliance with All Certificate’s Standard and Special Conditions
IGY-AYH ST. HOLDING. Lit¶
1. APPLICATIONS:¶
(A) Transfer Application:¶
- a. Date:
- i. Received: 04/25/07
- ii. Accepted: 4/74/ /0
- b. Public Hearing : 05/24/07
- c. Decision Meeting: 05/04/10
- d. Approved By The Governor: N/A
- e. Certificate: Remainder of Certificate Benefit Period
- i. Commence: 01/19/07
- ii. Terminate: 10/31/12
- f. Incentives:
- i. Income Tax: 1O0%
- ii. Gross Receipts Tax: 100%
- iii. Real Property Tax (Business): 100%
- iv. Excise Tax (Machinery & Equipment): 100%
- v. Excise Tax (Raw Materials): N/A
- vi. Custom Duties: 1%
- g. Note: Jeffery Epstein acquired 50% interest as a passive investor on 05/29/07
(B) Extension Application:¶
- a. Date:
- i. Received: 10/22/10
- ii. Accepted: 11/12/10
- b. Activity: Marina & Upland Services
- c. Commitment:
- i. Investment: $210K
- ii. Employment: 24 people
- d. Public Hearing : 11/23/10
- e. Decision Meeting: 02/24/11
- f. Governor Approval: 06/21/11
- g. Certificate: 5 years (Staggered Benefits)
- h. Commence: 03/08/10
- i. Terminate: 10/31/17
- j. Incentives:
- i. Income Tax: 81%
- ii. Gross Receipts Tax: 90%
- iii. Real Property Tax (Business): 90%
- iv. Excise Tax (Machinery & Equipment): 90%
- v. Excise Tax (Raw Materials): N/A
- vi. Custom Duties: 1%
(C) Modification/Extension Application (Act 7651 & 5 years investment)¶
- a. Received: 03/05/18
- b. Accepted: 05/31
- c. Activity: Marina & Upland Services
- d. Commitment:
- i. Investment: SAM
- ii. Employment: 17 people
- e. Public Hearing : 06/05/18
- f. Decision Meeting: 07/05/18
- g. Governor Approval: N/A
- h. Certificate: 10 years (Staggered Benefits)
- i. Commence: 03/08/15
- ii. Terminate: 10/31/27
- I. Incentives:
- i. Income Tax: 81%
- ii. Gross Receipts Tax: 90%
- iii. Real Property Tax (Business): 90%
- iv. Excise Tax (Machinery & Equipment): 90%
- v. Excise Tax (Raw Materials): N/A
- vi. Custom Duties: N/A
2. PETITIONS: N/A¶
3. COMPLIANCE:¶
(A) 1” Compliance Report:¶
- a. Date: 04/24/17
- b. Period: 01/19/07 12/31/12
- c. Findings: Out of Compliance
- i. Retirement Benefits Accepted $500.97 Contribution Made to Workforce Development Fund
- ii. Contractors & Subcontractors Have Valid Business License Paid $5,000 to the Industrial Promotion Fund
- iii. Compliance Clearance Granted
(B) 2nd Compliance Report:¶
- a. Date: 04/24/17
- b. Periods: 01/01/13 12/31/17
- c. Findings: Out of Compliance
- i. Procurement Procedures Paid $6,000 Fine to the Industrial Promotion Fund
- ii. Long-term Disability Insurance during 2015 Paid $5,000 Fine to the Industrial Promotion Fund
- iii. Compliance Clearance Granted