Tax Incentives for New Businesses
- Existing Buildings:
- Up to two years of tax abatement on the area used for the business.
- Only taxes levied on this area while the business is in operation will be cancelled.
- All outstanding taxes must be paid up to the date the business opens before the tax concession takes effect.
- Application must be submitted before the business opens.
Tax Incentives for New Construction and Expansions
- New Builds and Expansions:
- Up to five years of tax abatement based on the number of new full-time jobs created:
- 1-10 jobs: Up to 3 years of tax concession.
- 11-20 jobs: Up to 4 years of tax concession.
- Over 20 jobs: Up to 5 years of tax concession.
- Only taxes levied on the new building or expansion while the business is in operation will be cancelled.
- All outstanding taxes must be paid up to the date the business opens before the tax concession takes effect.
- Application must be submitted before construction begins.
- Up to five years of tax abatement based on the number of new full-time jobs created:
These incentives apply to both the land and improvements, making it an attractive opportunity for businesses looking to grow in Lanigan.
For more details and to apply, please refer to our Commercial Tax Incentive Policy and fill out the Tax Incentive Package Application.
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