Saint-Jean-sur-Richelieu Industrial Property Tax Credit Program
The city offers a property tax credit for eligible industrial construction, expansion, or leasehold improvement projects.
About this program
Saint-Jean-sur-Richelieu's industrial tax credit program is designed to attract new industries, support industrial business growth, encourage investment, and create jobs in the city. The credit applies to construction of a new building, expansion of an existing structure, or leasehold improvements following relocation within city limits. NexDev notes that the credit may be up to 100% for eligible cases, and the city requires a formal application and written confirmation of eligibility from its economic development division.
Eligibility
Eligible industrial businesses undertaking construction, expansion, or qualifying leasehold improvements within Saint-Jean-sur-Richelieu may apply for the municipal property tax credit.
Requirements
- Carry out eligible construction, expansion, or leasehold improvement work within Saint-Jean-sur-Richelieu.
- Use the project to support an eligible industrial activity.
- Complete the required application form no later than one year after the construction permit issue date for the eligible work.