Are you considering expanding your existing business or starting a new business in Gull Lake?
The Gull Lake Town Council is here to support your decision to locate or expand your Retail Business in Gull Lake. The Town of Gull Lake has Tax Incentive Policies to help existing businesses looking to expand, and incentives for new businesses looking to locate to Gull Lake.
Business LicencesNew Business Incentives
Any new business will qualify for the following assessment exemptions:
The assessment exemption will be applied to any increased assessed value, (improvement), of an existing building due to new construction.
The assessment exemption will be applied to any increased assessed value, (improvement), of an existing building due to renovations that require a building permit.
The exemption will also be applied to the assessed value of any expansion or new construction on bare land.
Note: The exemption does not apply to the assessment of any land.
The exemption will be applied as follows:
100% exempt in year one.
50% exempt in year two.
25% exempt in year three.
Full taxation in year four.
The exemptions are applied once the expansion (additions/improvements) or new construction is assessable.
