Tax Increment Incentive Structure for Eli Lilly Facility

Multi-billion dollar investment; approximately $665,000,000 in local property tax increment expected during IDD term; state and local tax increment incentives via Lebanon IDD Fund 2 (amount not fully specified)

FINANCIAL_SERVICES

IDD designation term of thirty (30) years from Designation Date of August 7, 2025; Agreement effective July 15, 2026

2055-08-07

IDD designation runs for thirty years from the August 7, 2025 Designation Date; incentive distributions continue for the IDD term unless terminated for noncompliance or funding cancellation as outlined in the Agreement and the separate IEDC–Eli Lilly incentive agreement (Exhibit B).

Agreement