Mericle's available properties in Humboldt are located in Keystone Opportunity Zones (KOZs). When a building is located in a KOZ, it translates into very substantial tax-savings. Eligible companies that locate in such buildings have practically all of their state and local taxes completely abated through the end date of the zone. In Humboldt, Mericle's buildings at 1104 North Park Drive and 61 Green Mountain Road, as well as the build-to-suit site at 560 Oak Ridge Road, provide tax abatements through 2017, while its build-to-suit site at 660 Oak Ridge Road provides benefits through 2019.
The following is a list of all state and local taxes that the KOZ exempts, deducts, abates, and/or credits:
State Taxes
- Corporate Net Income Taxes
- Capital Stock & Foreign Franchise Tax
- Personal Income Tax
- Sales & Use Tax
- Bank Shares and Trust Company Shares Tax
- Alternative Bank and Trust Company Shares Tax
- Mutual Thrift Institutions Tax
- Insurance Premiums Tax
Local Taxes
- Earned Income/Net Profits
- Business Gross Receipts Tax
- Business Occupancy Tax
- Business Privilege & Mercantile Taxes
- Local Real Property Tax
- Sales & Use Tax
