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9/17/2015 <br /> PROCESS <br /> ► State provides excise and income tax incentives'`. <br /> Counties nominate zones for Governor's approval, <br /> help market and provide incentives. <br /> Eligible businesses enroll and qualify annually by <br /> meeting goals. <br /> I:NTERPRISE <br /> ZONES <br /> State Tax Incentives <br /> 100% General Excise Tax exemption for 7 years. <br /> • Non-refundable income tax credit against tax liability - <br /> 80% declining to 20% over 7 years. <br /> ► Another non-refundable income tax credit against UI <br /> premium - 80% declining to 20% over 7 years. <br /> • Licensed contractor and licensed sub-contractors pays no <br /> GET on income from construction or major renovation <br /> paid by EZ firm. <br /> I N11,41'1,1,1 <br /> 3 <br /> 2 <br />