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What are the basic benefits of operating a business in a KOZ?

April 26, 2017BASIC Benefits Business KOZ operating

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What are the basic benefits of operating a business in a KOZ?

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Businesses making purchases of items subject to Sales and Use Tax – other than motor vehicles and certain real property – will be exempt from state and local Sales and Use Tax on specific materials utilized in a zone or expansion zone. Businesses will also enjoy tax reductions, exemptions, abatements, or credits in corporate taxes, franchise taxes, financial institution taxes, income taxes, and real estate taxes.