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| Benefits |
- Nonrefundable Gross Receipts Tax Credits/Income Tax credit - New building construction equal to 25% of the actual value expended.
- Nonrefundable Gross Receipts Tax Credits/Income Tax credit - Rehabilitation equal to 25% of the actual value expended.
- Nonrefundable Gross Receipts Tax Credits/Income Tax credit Machinery and equipment equal to 10% of the expenditures.
- Gross Receipts Tax Rate Reduction to three percent (3%) for gross receipt derived by the Enterprise zone business.
- Income-tax credit-Employment of a one-time nonrefundable $500 income tax credit for every job created for VI resident.
- Property tax credit against taxes imposed equal to the increase in property taxes assessed due to renovation, rehabilitation, or construction of property.
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