Pine Tree Development Zone (PTZ)- Tier 1 location
- State corporate income tax credits: 100% first 5 years; 50% next 5 years.
- 100% sales and use tax exemptions for both real and personal property.
Business Equipment Tax Exemption (BETE)
- 100% local property tax exemption on business equipment.
Opportunity Zone (OZ)
- Federal tax incentives for taxpayers who invest unrealized capital gains into designated “Opportunity Funds,” dedicated to investing in established “Opportunity Zones.”
Municipal Tax Increment Financing (TIF)
- MTIF may be used to leverage new property taxes generated by a specific project with a defined geographical district.
- Any portion of the taxes may be used to finance projects for up to 30 years.
New Market Tax Credit (NMTC)
- Net contribution of 22-26% of total project capital, forgiven after 7 years.
Streamlined Permitting and Flexible Zoning