Schedule II

 

Tax Abatement Schedule II - Qualifications and Sliding Scale Rate

Capital Improvements

Full-Time Job Creation

Payroll Increase

$500,000

and

5 - 24

or

$200,000 Annually



ABATEMENT AMOUNT

Year

Percentage

1, 2, & 3

50.0%

4

37.5%

5

25.0%

6

12.5%

7

0%

For extraordinary projects with significant investment and job creation, the taxing entities will consider tax abatements up to 100% for a period of 10 years.