How long does a business that relocates into a tax free zone have to maintain its increased employment?
For the duration of the zone. If a business stops meeting its employment goals required by the statute, the relocation agreement, and the Business Subsidy Agreement, they will no longer meet the definition of a “qualified business” and will thus be ineligible to receive tax exemptions. They will also need to repay the previous tax benefits in accordance with the claw back provisions outlined in the law.
