Rural Jump-Start Tax Credit

Rural Jump-Start Tax Credit

The Rural Jump-Start Tax Credit helps new businesses start in or move into rural, economically distressed areas and hire new employees. In a designated rural jump-start zone, benefits include relief from:

  • state income taxes for the new business
  • state sales andĀ use tax for the business
  • 100% of county personal property taxes for the business
  • municipal personal property taxes for the business (in participating municipalities)
  • 100% of state income taxes for the employee

Local governments also sometimes provide additional tax relief from other county or municipal taxes.

Approved companiesĀ and their employees have four years of tax relief, with the possibility of extending it another four years. Your business may use rural jump-start tax credits only for each year you receive them. These tax credits do not carry forward to future years.