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(b) use a Substantial Portion of its tangible property in such business (whether <br />owned or leased) within the Qualified Empowerment Zone; <br />(c) use a Substantial Portion of its intangible property in the active conduct of <br />such business; <br />(d) have a Substantial Portion of the services performed for such individual in <br />such business by employees performed in the Qualified Empowerment Zone; <br />(e) establish that at least 35 percent of such employees were residents of the <br />Qualified Empowerment Zone; <br />(f) have less than 5 percent of the average of the aggregate unadjusted bases.. <br />of the property of such individual which is used in such business attributable to <br />collectibles (as defined in Section 408(m)(2) of the Code) other than collectibles that are <br />held primarily for sale to customers in the ordinary course of such business; and <br />(g) have less than 5 percent of the average of the aggregate unadjusted bases <br />of the property of such individual which is used in the such business attributable to <br />Nonqualified Financial Property. <br />For these purposes, the term "employee" includes the proprietor.] <br />The Owner shall not fail to be treated as an Empowerment Zone Business for any taxable <br />year beginning after the Testing Period by reason of failing to meet any requirement of a <br />Qualified Business Entity or a Qualified Proprietorship if at least 35 percent of the employees of <br />such"business for such year are residents of the Qualified Empowerment Zone. The preceding <br />sentence shall not apply to any business which is not a Qualified Business by reason of its <br />engaging in any Prohibited Activities. <br />GOLD COAST BAKING COMPANY; INC. <br />Printed Name <br />Title <br />06-4514.05 <br />