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*Calculator must be downloaded in order to function properly. Contact ruralzone@developjoco.com for any issues.
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Rural Zone Tax Credits
Change numbers in yellow cells to alter calculations
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Only available for businesses with approved NAICS codes
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First Hurdle
Create at least two full time jobs
Jobs must be maintained each year in order to take any of the tax credits
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$2,000
tax credit per job
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jobs
***2 jobs minimum - 20 jobs maximum
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total tax credit
***Job credits go to the company that establishes a business in the subject building
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***That can be the owner or a lessee
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Then
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Investment Tax Credit
25%
of purchase price
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purchase price
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$0
total tax credit available (maximum allowable credit on investment is $125,000)
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$0
credit taken each year for 5 years
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***Investment tax credits go to the owner of the building
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Rehabilitation Tax Credit
30%of rehab costs
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rehab costs
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$0
total tax credit available(maximum allowable credit on rehab cost is $150,000)
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$0
credit taken each year for 3 years
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***Rehabilitation tax credits go to the owner of the building
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Year 1Year 2Year 3Year 4Year 5Total
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Job tax credits $0
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Purchase $0$0$0$0$0$0
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Rehabilitation$0$0$0$0
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available$0$0$0$0$0$0
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Cost, purchase and rehab
$0
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Tax Credits$0
(assumes the business creating the jobs is the owner's)
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Effective cost purchase and rehab
$0
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