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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. The incentive is available for non-retail businesses engaged in commerce for profit that fall into certain categories. 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. In addition, the non-profit organization must receive 75 percent of its income from out-of-state sources.

Income 75