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State by State Incentives Guide

Buisness Facilities Contributed Content

This allows many companies to recover investments more quickly, significantly reducing personal property’s full cash value, and taxes owed, over five years. 100 million has been allocated annually beginning in fiscal year 2009-2010 through 2016-2017 on a first-come first-served basis. 97% increase in personal property tax exemption.

Income 108
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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

Loan proceeds are to be used for working capital, inventory, equipment purchase, and real property improvements but cannot be used for refinancing of existing debt or outstanding debt payments. Funds cannot be used for debt refinancing or contingency funding. Applicant must have 10 percent equity in cash for the loan.

Income 75