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Bradley Airport Investment Zone, 3.37 acres, Parcel has frontage on National Dr and Old Country Rd. Property Tax Incentives: Newly constructed, renovated, or expanded facilities may qualify for a real property tax abatement based on the assessed value of the improvement to the real property. The exemption equals 80% of the improvement's assessed value, and it is effective for five years. Acquired facilities may qualify for the same exemption based on the assessed value of the acquired section. Businesses developing or acquiring a facility in the BADZ also may qualify for a five-year, 80% exemption on the assessed value of machinery and equipment it installs in the facility as part of its development or acquisition. Corporation Business Tax Credits: Businesses that qualify for property tax exemptions also may qualify for a corporation business tax credit equal to the portion of the tax attributable to the facility (the statute specifies how businesses must calculate the amount). The credit equals 25% of that figure, and it is effective for ten years.

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Listed by Vincent Verrillo of Berkshire Hathaway NE Prop.

Information contained in this Smart MLS listing has been compiled from various sources, all of which may not be completely accurate. Smart MLS makes no warranty or representation as to the accuracy of listing information. All information that influences a decision to purchase a listed property should be independently verified by the purchaser. Copyright 2017 Smart MLS, Inc. All rights reserved.

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