Charge Reduced Sales Tax - Your business can charge half the standard sales tax rate on certain sales, currently 3.5%.
Tax Free Purchases - UEZ businesses may enjoy tax exemptions on certain purchases including capital equipment acquired and investments made to build a new facility, expand, or upgrade an existing facility.
Tax Credit - For each new permanent full-time employee hired, businesses may receive a one-time $1,500 tax credit.
CBT Tax Credit - Alternatively, the UEZ Program allows a tax credit against the Corporate Business Tax up to eight percent of qualified investments within the zone.
Financial Assistance - Businesses may be eligible for priority financial assistance. From agencies such as the New Jersey Economic Development Authority.
Unemployment Subsidy - Employers may benefit from subsidized unemployment insurance costs for certain employees who earn less than $4,500 per quarter.
Energy Sales Tax Exemption - Manufacturing firms with at least 250 employees (over 50% of whom are in a manufacturing process) may receive an electricity and natural gas sales tax exemption on consumption within an enterprise zone.
For more information on the Pleasantville UEZ, click here.
For more information regarding the State of New Jersey's UEZ Program you can visit www.nj.gov/dca/affiliates/uez/ or contact: 1-877-913-6837.