We’re purchasing an existing building within the E-Zone. We’ll be making minimal investments to the building and would like to receive the 5-year property tax abatement on the value of the real estate. Would the Enterprise Zone Program work?

No, the five-year property tax abatement would only apply to the new investment in the E-Zone – this can include tenant improvements that add value to the structure and fixed equipment and/or racking systems. Existing buildings and land would not qualify for the five-year property tax abatement; only the new investment that will be added to the tax rolls.