200 & 485
10,000 & 20,000
Quick Base may earn up to 20 percent of the new state taxes they will pay over the five-year life of the agreement in the form of a post-performance Economic Development Finance (EDIF) tax credit rebate. As part of the contract with Quick Base, the GOED Board of Directors has approved an EDTIF post-performance tax credit not to exceed $1,257,983 representing 20 percent of the estimated $6,289,915 of new state revenue, which may be earned over five years. Each year Quick Base meets the criteria in its contract with the state, the company will earn a portion of the total tax credit rebate.