Approved in 2005, EDTIF is a state incentive program that allows local governments to create “economic development zones” in order to encourage job creation and capital investment. New or existing businesses creating new jobs or significant capital investment within these zones may apply for a partial rebate (30%) for up to 20 years of taxes paid to the state. The rebate may apply to “new state income” generated by the job growth or capital investment, including the payroll tax of the new employees, corporate income tax, and sales tax. Qualifying companies must create new jobs paying at least the median state wage.