economy, iwate, japan government, land, legal, miyagi, planning, reconstruction, tax, yomiuri shinbun

Miyagi, Iwate special zones approved, yomiuri, 2/8/12

Tatsuo Hirano, state minister for disaster reconstruction, said Tuesday that districts in Miyagi and Iwate prefectures will be approved Thursday as the first special disaster reconstruction zones where exceptional measures can be applied.

The districts in Miyagi Prefecture will be designated for the promotion of private investment while those in Iwate Prefecture will be approved as special zones for health, medical and welfare projects.

These will be the first designated special zones to be created in response to the March 11 disaster, where exceptional treatment is to be given in terms of regulations and taxation. These measures can be applied in areas damaged by the Great East Japan Earthquake and tsunami.

The special zones for the promotion of private investment were applied for by the Miyagi prefectural government jointly with 34 municipalities in the prefecture. Corporations setting up in the zones will be exempt from corporate tax for five years.

The special zones for the promotion of heath, medical and welfare projects were applied for by the Iwate prefectural government and all 33 prefectural municipalities. The measures in the zones include the easing of restrictions on allocating doctors and nurses.

The government is also studying whether to approve an application filed by Aomori Prefecture for an exceptional corporate tax district and one by Iwate Prefecture for an industrial revival special district, where preferential tax treatment will be given.

(Feb. 8, 2012)

About liz

from the u.s., recently moved from kobe to sendai, japan, researching community-based housing recovery after disaster.

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