Article 4

Fiscal Support

1. For new industrial productive projects and standard plant projects in industrial parks, within 5 years from their tax year, their corporate income tax, value-added tax, urban and rural land use tax and counties' retention portion shall be awarded to enterprises in proportion by the relevant departments of finance for the construction of projects (see Table 4). The new and expansion industrial projects in the city shall be rewarded in accordance with corresponding project categories. The awards will increase at 10 percent a year from the 3rd to the 5th year.

2. Bonding companies and small loan companies, which provide industrial enterprises with guarantees or loans over 50 percent of the enterprise's loans, will be rewarded with paid-up corporate income tax and 50 percent of the city and counties' retention portion by the relevant departments of finance.

Table 4 Standards for rewarding industrial projects based upon taxes

Table 5 Standards of rent subsidies for industrial enterprises in industrial parks