§209E-1 Purpose. It is declared that the health, safety, and welfare of the people of this State are dependent upon the continual encouragement, development, growth, and expansion of the private sector, and that there are certain areas in the State that need the particular attention of government to help attract private sector investment. Therefore, it […]
§209E-10 State business tax credit. (a) The department shall certify annually to the department of taxation the applicability of the tax credit provided in this chapter for a qualified business against any taxes due the State. Except for the general excise tax, the credit shall be eighty per cent of the tax due for the […]
§209E-11 State general excise exemptions. The department shall certify annually to the department of taxation that any qualified business is exempt from the payment of general excise taxes on the gross proceeds from an eligible business activity as defined in this chapter; provided that agricultural businesses other than those engaged in the production of genetically-engineered […]
§209E-12 Local incentives. (a) In applying for designation as an enterprise zone, the applying county may propose local incentives, including, but not limited to: (1) Reduction of permit fees; (2) Reduction of user fees; and (3) Reduction of real property taxes. (b) The application also may contain proposals for regulatory flexibility, including, but not limited […]
§209E-13 Termination of enterprise zone. Upon designation of an area as an enterprise zone, the proposals for regulatory flexibility, tax incentives, and other public incentives specified in this chapter shall be binding upon the county governing body to the extent and for the period of time specified in the application for zone designation. If the […]
§209E-14 Force majeure event; agricultural businesses. If a business engaged in agricultural production or processing is: (1) Wholly or partially prevented from maintaining eligibility requirements under section 209E-9; or (2) Interrupted, by reason of or through any force majeure event, then the business shall not be disqualified under this chapter. The business shall remain eligible […]
§209E-2 Definitions. As used in this chapter: “Call center” means a business providing service at an establishment in which customer and technical support service for manufacturing companies, disease management services, computer hardware and software companies, credit collection services, product fulfillment services, or disaster management services, are provided by telephone; provided that the business shall not […]
§209E-3 Administration. The department shall administer this chapter and shall have the following powers and duties: (1) To establish criteria for determining what areas qualify as enterprise zones. The criteria shall be the minimum required for implementation of the purpose of this chapter; (2) To monitor the implementation and operation of this chapter; (3) To […]
§209E-4 Enterprise zone designation. (a) The governing body of any county may apply in writing to the department to have an area declared to be an enterprise zone. The application shall include a description of the location of the area or areas in question, and a general statement identifying proposed local incentives to complement the […]
§209E-5 Application review. (a) The department shall review each application upon receipt and shall secure any additional information that the department deems necessary for the purpose of determining whether the area described in the application qualifies to be declared an enterprise zone. (b) The department shall complete review of the application within sixty days of […]
§209E-6 REPEALED. L 1995, c 91, §6.
§209E-7 Government assistance; prohibition. There shall be no duplication of existing state tax incentives to qualified business firms which locate in an enterprise zone. [L 1986, c 78, pt of §1]
§209E-8 Rules. Rules prescribing procedures effectuating the purpose of this chapter shall be adopted by the department in consultation with the department of taxation pursuant to chapter 91. [L 1986, c 78, pt of §1; am L 1989, c 390, §3]
§209E-9 Eligibility; qualified business; sale of property or services. (a) Any business firm may be eligible to be designated a qualified business for purposes of this chapter if the business: (1) Begins the operation of a trade or business in an eligible business activity within an enterprise zone; (2) During each taxable year has at […]
