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Mericle Commercial Real Estate Services

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Cost Advantages & Incentives PDF Print E-mail

KOZ tax savingsAll of 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 2 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