The Kent County Commerce Zone Tax Credit program was adopted to give commercial or industrial real property owners, making a capital investment on the property, where a business entity locates to conduct business, a tax credit against the increased assessed value of the property for ten years. The credit is 50% for the first 5 years; 25% for years 6 and 7; and 15% for years 8 through 10. The Commerce Zone Tax Credit was adopted by the County Commissioners of Kent County on June 6, 2017 and takes effect on July 20, 2017.
CHR 2-2017 Property Tax Credit
Application for Commerce Zone Tax Credit