Town Council has added a new incentive to the list of business incentives offered by the Town of Gull Lake. The incentive will help new owners who purchase a new business in an existing building or an existing business in an existing building. This incentive will not only help the buyer it will also help the seller of a business that is eligible under this incentive. The incentive is as follows:
New Business, Existing Building OR Existing Business, Existing Building, New Owner
1-year incentive for municipal taxes – 50% cancelation.
Incentive will be applied after the current portion of the education tax and 50% municipal taxes have been paid in full (Prior to December 31st). If a business ceases operating or sells within the year of the incentive, the business will not be eligible for this incentive. Leased properties do not qualify unless the lessee is responsible for payment of taxes through a lease agreement.
For a complete list of incentives see our, “NEW BUSINESS” webpage. Also, if your business is completing renovations, which improve the physical appearance of the building exterior check out our, “Commercial Facade & Site Improvement Policy“.