What incentives does the Effingham Enterprise Zone Offer?
- Property tax abatement (property tax abatement is not available when the Enterprise Zone and TIF overlap)
- Industrial – 7 years
- Commercial – 3 years
- Newly constructed multi-family residential – 3 years
- Newly constructed single-family residential – 5 years
- Sales tax exemption for permanently affixed building materials on industrial and commercial projects, newly constructed single-family and multi-family residential projects, and residential rehabilitation projects with a total project cost of $50,000 or more
- 0.5% investment tax credit