减税

With Tax abatement, the 县 rebates its portion of property taxes back to the property owner who then uses it to help offset development and/or redevelopment costs. The availability of tac abatement is limited- in any given year, for all economic development projects taking place, the 县 can abate an amount equaling no more than $200,000元/年.

Approval Process 

The Swift 县 Board of Commissioners must approve all tax abatements. After identifying the details of the abatement, including the amounts, 条款, and parcels for abatement; a public hearing with at least a 10 day notice, must be held by the 县. The 县 is then required to adopt a resolution to approve the abatement which must include abatement details and finds of the public benefit. 

资格

减税s can be provided for any type of property as long as it is not in a TIF district.

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