Schedule I

 

Tax Abatement Schedule I - Qualifications and Sliding Scale Rate

Capital Improvements

Full-Time Job Creation

Payroll Increase

$500,000

and

25 or More

or

$400,000 Annually

$1,000,000

and

5 or More

or

$80,000 Annually



ABATEMENT AMOUNT

Year

Percentage

1, 2, & 3

100%   

4

75%   

5

50%   

6

25%   

7

0%