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Home > FAQ's > FAQ Pine Tree Development Zone
  • 1) Question: Can wages paid by a qualified Pine Tree Development Zone (“PTDZ”) business to a qualified employee after the beginning of the tax year, but before the date of certification be included in the numerator of the apportionment factor?
  • 2) Question: Assume a qualified PTDZ business (ABC Company) wholly owns a subsidiary (XYZ Company). ABC Company has no employees and XYZ Company has 20 employees. In order to qualify for the PTDZ credit, must the new employees be hired by ABC Company or
  • 3) Question: Can property purchased after the beginning of the tax year but before the date of certification and used in a qualified activity be included in the numerator of the apportionment factor?
  • 4) Question: Does the numerator of the apportionment factor include property purchased during the year and immediately expensed (i.e. not depreciated)?
  • 5) Question: If a piece of property is used for both qualified and nonqualified activity, can a portion of its value be included in the numerator of the apportionment factor? If so, how do I determine the value to include in the numerator?
  • 6) Question: When claiming a reimbursement under the Employment Tax Increment Financing (“ETIF”) program, am I required to identify the amount of withholding specific to the positions that qualify under the PTDZ program, or can I use an average amount of
  • 7) Question: If a qualified business places property in a separate legal entity such as an LLC for legal purposes unrelated to tax planning, is that property included in the numerator of the apportionment factor?
  • 8) Question: Is the value of qualified PTDZ property limited to the amount specified in the approval letter I received from DECD?
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