Incentives
The JUEA offers businesses located in the zone state tax deductions. Incentives include deductions for improvements made to property in the zone that increase the assessed value. Those who live and work in the zone are also eligible for deductions.
Investment Deduction
This deduction allows a Zone business to deduct the increase in assessed value from a “qualified investment” in real or personal property for up to 10 years.
Qualified Employee Deduction
This benefit applies to individual taxpayers who live and work in the Zone. A “qualified employee” is defined the same as it is for the Employee Expense Credit.
Local Initiatives
The JUEZ offers several local initiatives to help zone businesses and residents with the objective to improvement to aesthetics of the area.