Aviation Development Zone Tax Credit
A business or any portion of a business that is involved in the maintenance and repair, completion or modification of aircraft located within the boundaries of an airport designated as an Aviation Development Zone may qualify for a state income tax credit of $1,200 per new full-time employee.
The facility must employ ten or more employees and the credit is based on the increase in the average number of aviation zone employees for the tax year over the previous base number. The credit is available to all types of business entities.
For more information, contact Simon Fox, Financial and Program Manager.