Urban Enterprise Zone

(812)882-7285 Work Email: vinuea@vincennes.org

IMPORTANT TAX DEADLINES / INCENTIVES 2015

IMPORTANT TAX FILING DATES

May 10—-The form EZ-2 (Enterprise Zone Investment Deduction) must be filed with Knox County Auditor’s office at the courthouse between March 1 and May 10 each year. If you have made a real property investment or remodeled, you may be eligible for a 10 year, 100% abatement on the increase in property value.

June 1 – The EZB-R (Enterprise Zone Business Registration) Form must be filed with the State Enterprise Zone Board by all UEA zone businesses that access at least one tax credit or exemption during the tax year. This form must be postmarked no later than June 1. A copy must also be sent to the Vincennes UEA office.

1) EXISTING INCENTIVES

a. Employee State Tax Deduction – Qualified employees who live and work in the zone may be entitled to a tax deduction of his/her adjusted gross income, or $7,500, whichever is less.

b. Employer State Tax Exemption – Employers that have qualified employees who live and work in the zone may be entitled to a $1,500 State tax exemption per employee per tax year.

IF YOU HAVE ANY QUESTIONS REGARDING INCENTIVES OR THE UEA, PLEASE CALL 812-882-7285.