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Enterprise Zone Tax Incentives

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The Enterprise Zone Commission (EZC) offers a unique and attractive tax incentive program for companies located in our historic towns. The EZC’s mandate is to revitalize once vital vibrant communities that are now considered to be distressed. In achieving this objective within the Territory, the EZC seeks to provide appropriate investments, tax benefits, and regulatory relief of sufficient importance to encourage the business community to commit financially.

Below are some of the benefits your business can reap if eligible for the EZC tax incentive program:

  • 90% reduction in corporate income tax
  • 90% reduction in personal income tax
  • 100% exemption on gross receipt tax
  • 100% exemption on business property tax

Learn more about the EZC program where you can find additional information on eligibility, benefits, and application process.

 

You may also contact the EDC at 340-714-1700 on St. Thomas or at 340-773-6499 on St. Croix.

 

Click here to download the official EZC program application.