ENTERPRISE ZONE
General Tax Credit
To qualify for General Tax Credits new businesses in the Commonwealth must have 25% of average full-time employees either meet LMI standards for the area or be Zone residents.

A ten year general credit against state tax liability
Year Credit* Year Credit
1 80% 6 60%
2 60% 7 60%
3 60% 8 60%
4 60% 9 60%
5 60% 10 60%
*For projects that are > $15 million and create > 50 jobs, credits are subject to negotiation not to exceed 80% in year 1 and 60% years 2-10
 
BACK