Tax Abatement Schedule I
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Capital Improvements and
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Full-time Job Creation or
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Payroll Increase
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$1,000,000
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25 or More
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$625,000 Annually
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Abatement Schedule
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Year
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Percentage
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1-3
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100%
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|
4
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75%
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5
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50%
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6
|
25% |
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Tax Abatement Schedule II | ||
Capital Improvements and | Full-time Job Creation or | Payroll Increase |
$500,000 | 5-24 | $250,000 |
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Abatement Schedule | ||
Year | Percentage | |
1-3 | 50% | |
4 | 37.5% | |
5 | 25% | |
6 | 12.5% |
For a description of procedures click HERE.