In order to?help the Kunming National Hi-Tech Industries Development Zone promote economic development in a rapid, sustainable way, the policy is?based on the actual situations of the development zone.

Award Objects

Awards will be awarded to enterprises that meet the following requirements:

a. Pay taxes to Kunming High-tech Development Zone?and?projects adhere to the zone's development direction.

b. Pay annual taxes of no less than 3-million yuan ($480,000) to the development zone.

Amount of awards

The High-tech Development Zone allocated 10 million yuan from its 2012 budget for awards, with the figure expected to increase 50 percent annually out of the development zone's budget.

Procedures

Local authorities determine the amount of the award based on an enterprise's taxes for the previous year and give the enterprise the amount of its award before the end of March.