State Incentive

State Targeted Business Incentives

Summary

Targeted businesses may be offered special incentives, at the discretion of the AEDC Executive Director

Targeted businesses may be offered special incentives, at the discretion of the AEDC Executive Director:

  • A refund of sales and use taxes paid on the purchase of building materials and machinery and equipment associated with the approved project

  • A transferable income tax credit equal to 10% of payroll for up to five years

  • A cash rebate equal to 5% of eligible new payroll for up to 10 years

  • A sales or income tax credit equal to 2%-8% of eligible investment

  • A transferable income tax credit equal to 33% of eligible research and development expenditures