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State by State Incentives Guide

Buisness Facilities Contributed Content

Inventory is exempt from property tax. The exceptions are for financial institutions, financial institution groups, and insurance companies that have a maximum business privilege tax of $3,000,000. That is, for property with a fair market value of $1 million, the assessed value would be $200,000. The minimum tax is $100.

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. EQUITY INVESTMENT TAX CREDIT: Targeted toward new, technology-based businesses that pay wages in excess of the state or county average wage.

Income 75