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General Information
Property Tax Reduction
- Eligible for a primary property tax reduction of 40-60% based on property reclassified to class 6 for tax assessment purposes
- Asset investment (land, building and equipment) requirements
- $500,000 in communities with population of less than 10,000 and more than 25 miles from the city of Phoenix.
- $1,000,000 in communities with populations between 10,000 and 80,000 and in unincorporated areas of the zone.
- $2,000,000 in communities with populations greater than 80,000
- Reduction in taxes applies to existing and new fixed asset investments for up to five years
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Qualified Manufacturing Business
- A small manufacturing business that employs fewer than 100 people at the Zone location or had gross annual receipts of less than four million dollars in its last fiscal year, and is independently owned and operated , or
- A minority-owned manufacturing business where the majority of the business is owned and operated by people of African-American, Latin American, Asian, Native American or other minority origin or descent, or
- A woman-owned manufacturing business where the majority of business is owned and operated by a woman.
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