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- This tax credit shall continue to be available to a qualified property for ten years, even after the expiration of the designation of an Enterprise Zone.
- If a qualified property is sold at a later date, any years remaining on the ten years property tax credit are transferable to the subsequent purchaser.
- A business which continues to meet the qualification requirements may receive another Enterprise Zone property tax credit for subsequent capital
improvements in later taxable years with the Department of Assessments and Taxation determining a new base year assessment for the additional improvements.
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