Taxpayers who conduct business activities within the boundaries of one of these areas or zones may qualify for special state tax incentives. Special tax incentives are available for entities and individuals that operate or invest in a business located within designated Enterprise Zones or Program Areas. All 39 Enterprise Zones have been designated. EZ designations are effective for 15 years. An additional 5 year extension may be allowed if the EZ meets certain criteria.
Designations are effective for eight years.
Both of the Manufacturing Enhancement Areas have been designated. A special tax incentive is available for entities and individuals that operate or invest in a business located within the designated Manufacturing Enhancement Areas. Designations expire December 31, 2012. The Targeted Tax Area was established to stimulate development in a selected economically depressed area. Special tax incentives are available for entities and individuals that operate or invest in a business located within the designated Targeted Tax Area.