Centrally located in the Florida Panhandle, Holmes County is ideally situated as a business and industrial "Hub " location for the Southern United States. The Holmes County Enterprise Zones in Bonifay, Esto, Noma, Westville, and Ponce de Leon are served by an efficient Instate Highway system, Freight Rail Transportation, Commercial and Corporate Airports and easily accessible port facilities for both domestic and foreign trade.
Jobs Creation Tax Credit - Credit available to Corporations Only against Corporate Income Tax for wages paid to New Zone-Resident Employees (in new fulltime job). Credit of 30% of wages Paid to New Zone Resident Employees. If 20% or more of permanenet fulltime Employees are Zone Residents, the credit is 45%. Credit available for 24 consecutive months with 5-year carry-forward.
Business Machinery and Equipment Sales Tax Refunds on sales tax paid on the purchase
of new and used qualified depreciable Business Property with a minimum sales price of $5,000
per unit. Credit of lesser of 97% of Sales Tax Paid or $10,000 if 20% or more of Employees are Zone Residents.
Building Materials Sales Tax Refund is available to Businesses or Individuals for Sales Tax Paid on the purchase of Building Materials used on New Construction or to Rehabilitate real property located in the EZ. Credit of 97% of FL Sales & Use up to a maximum of $5,000 OR credit of of 97% of FL Sales & Use Tax up to a maximum of $10,000 if 20% or more of Employees are Zone Residents.
Property Tax Credit for Jobs Creation - Eligible new, expanded or rebuilt Corporations Only located in an EZ allow a credit against FL Corporate Income Tax equal to 96% of Ad Valorem Taxes Paid. Maximum of $25,000 annually OR Maximum of $50,000 annually if 20% or more of Employees are Zone Residents.
Electrical Energy Tax Credit of 50% of Municipal Tax Exemption is available to qualified businesses (new, renovated, remodeled, rehabilitated or rebuilt) located in an EZ. Exemption of 50% of Municipal Tax Paid for Electricity OR Exemption of 100% of Municipal Tax Paid for Electricity, if 20% or more of employees are Zone Residents. Available for 5 years.
Sales Tax Refund for Jobs Creation - Allows businesses a monthly credit against Sales Tax wages paid to New, Fulltime, Zone Resident Employees. Credit of 30% of Wages Paid to New Zone Resident Employees OR Credit of 45% of Wages Paid to New Employees, if 20% or more of Employees are Zone Residents. Available for 24 months, with no carry-forward.
For more information email: firstname.lastname@example.org
Please go to: www.floridaenterprisezones.com for more information and application forms.