Economic Incentives
Enterprise Zone
- Reduced Permit Fees – 50% for County and City
- Sales Tax Rebate – 100% of tax on building materials with Certificate of Eligibility
- Property Tax Abatement – 5 years; typically for new construction (not for properties within a TIF)
Downtown & Riverfront TIF Districts
- Existing Funds
- Developer Financed
- Eligible Expenses
Opportunity Zone
- Investment of Capital Gains
- Deferral of tax to 2026 / Reduction of liability / Elimination of tax on any further liability (10 year investment)
Historic Tax Credits
- Must be designated contributing property
- Preserve architectural features
- Tax Credit available for 40% of project costs (federal) & 25% of project costs (state)
New Markets Tax Credit
- Non-bank loans from Community Development Entities (CDEs) to Qualified Active Low-Income Businesses (QALIBs)
- Available income tax credit for 39% of investment
- More Information
Enterprise Zone
- Reduced Permit Fees – 50% for County and City
- Sales Tax Rebate – 100% of tax on building materials with Certificate of Eligibility
- Property Tax Abatement – 5 years; typically for new construction (not for properties within a TIF)
Downtown & Riverfront TIF Districts
- Existing Funds
- Developer Financed
- Eligible Expenses
Opportunity Zone
- Investment of Capital Gains
- Deferral of tax to 2026 / Reduction of liability / Elimination of tax on any further liability (10 year investment)
Historic Tax Credits
- Must be designated contributing property
- Preserve architectural features
- Tax Credit available for 40% of project costs (federal) & 25% of project costs (state)
New Markets Tax Credit
- Non-bank loans from Community Development Entities (CDEs) to Qualified Active Low-Income Businesses (QALIBs)
- Available income tax credit for 39% of investment
- More Information
