Tax Rate - 8.33% tax rate (assessment based on 1958 values)

Exemptions – 100% and 90% exemptions

The eligible business will have a 100% tax exemption on state and municipal property taxes during their construction period and the first year of operations. After that, the exempt business will have a 90% property tax exemption.

Tax Incentives Act, section 6(i)

Tax Rate - Approximately 6.33%

Exemption – 100% exemption on intangible assets

Intangible assets such as patents, production licenses or trademarks are fully exempt from personal property tax. Also exempt are personal property used by a service unit like stocks, bonds or other securities.

Tax Incentives Act, section 6(a)