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Real Property Tax Abatement
Utility Rate Reduction
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Renewal Community
Foreign Trade Zone
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Financing

Tax Incentive Duration Eligibility Carryover New Jobs Required
Utility Rate Discount 10 Years Industrial (A)
Commercial (A)
Retail (A)
No
Not Necessarily
8% Investment Tax Credit Against Personal Income Tax
10% Investment Tax Credit Against Corporate Tax
Numerous times during a ten year period Industrial (A) (B)
Yes
No
Additional 30% of the 10% Investment Tax Credit Against Corporate Tax For 3 Years After Initial Investment Tax Credit Industrial(A) (B)
Yes*
Yes
Wage Tax Credit Against Personal, Corporate or Insurance Corporation Tax 5 Years Industrial (A)
Commercial (A)
Retail (A)
Yes
Yes
Sales Tax Refund on Building Materials Numerous times during a ten year period No Certifiacation Required. Industrial, Commercial
Yes
No
Real Property Tax Exemption 10 Years No Certification Required. Industrial, Commercial Retail
No
No

(A) - Certified Businesses Only
(B) - Must own property/building or own manufacturing machinery and equipment other than rolling stock.
* Based on year before taking investment tax credit or for new firms, year of taking investment tax credit.