Binding ordinances and resolutions were passed granting the waiver, abatement or exemption of certain state and local taxes. Depending on the situation, the tax burden may be reduced to zero through exemptions, deductions, abatements, and credits for the following:

No State Taxes:
Corporate Net Income Taxes
Capital Stock & Foreign Franchise Tax
Personal Income Tax
Sales & Use Tax
Bank Shares and Trust Company Shares Tax
Alternative Bank and Trust Company Shares Tax
Mutual Thrift Institutions Tax
Insurance Premiums Tax

No Local Taxes:
Earned Income/Net Profits Tax
Business Gross Receipts
Business Occupancy
Business Privilege & Mercantile Taxes
Local Real Property Tax
Sales & Use Tax

Length of Tax Relief:
KOZ status for most sub-zones is retained until December 31, 2010.

KOZ	| Tax Free	| Case Study	|  Zones