Tamba City Approved Regional Economic Leading Project Promotion Subsidy

①Overview: The Tamba City Approved Regional Economic Leading Project Promotion Subsidy supports companies that carry out capital investment in Tamba City under a Regional Economic Leading Project Plan approved by the Hyogo Prefectural Governor pursuant to the Act on Strengthening the Foundation of Regional Growth and Development through the Promotion of Regional Economic Leading Projects. It reimburses a portion of the fixed asset tax newly imposed on the investment to promote local industrial agglomeration and revitalization. The ordinance took effect on April 1, 2024 (Reiwa 6) and will expire on March 31, 2032 (Reiwa 14). ②Eligible applicants: Businesses approved under Article 13(4) or 13(7) of the Act and which do NOT receive the special taxation exemption under Article 25 of the Act. The total acquisition cost of land, buildings and structures must exceed JPY 100 million (JPY 50 million for agriculture/forestry/fisheries and related industries). The new or expanded factory or business establishment must be located within Tamba City. ③Eligible expenses and content: Eligible facilities include buildings/structures (excluding offices) acquired between April 1, 2024 and March 31, 2028 for the use of the target facility, the underlying land (limited to land acquired on or after the consent date and on which construction started within one year of acquisition), and machinery/equipment installed at the target facility. When the land is leased, only the qualifying buildings, structures, machinery and equipment are eligible. ④Subsidy rate, ceiling, schedule and points: The subsidy equals one-half (1/2) of the fixed asset tax imposed on the eligible facilities each fiscal year, capped at JPY 15 million per fiscal year. The eligible period is three fiscal years starting from the year in which the new fixed asset tax is first levied. Applications must be filed within six months of full payment of that year's fixed asset tax, attaching the approval certificate, proof of non-application of the Article 25 exemption, the tax-payment certificate, and proof of no municipal tax delinquency. Annual application is required; duplication with other national/prefectural subsidies for the same tax is not allowed.