1. For small and medium-sized industrial projects that comply with the "Catalog of Industries with Development Priority in Shanxi" and are intensively used, or focus on the primary processing of agricultural, forestry, animal husbandry and fishery products, the base price of land transfer can be no less than 70 percent of the national minimum standard of industrial land transfer corresponding to the land grade.
2. The land user can pay the land-transfer cost in installments within the prescribed time limit in accordance with the land transfer contract, so as to reduce the cost of industrial land. A down payment of 50 percent of the transfer price must be paid within one month after signing the contract, and the remaining payment shall be paid in accordance with the method agreed in the contract. The latest payment time shall not exceed one year.
3. Land use tax shall be exempted for 10 years from the month the land is approved for renovation or reconstruction.
4. Foreign-invested enterprises and domestic-funded enterprises are equally entitled to take advantage of relevant land use policies. For encouraged foreign-invested industrial projects that make intensive use of land, priority shall be given to supplying land. The base price for land transfer shall be no less than 70 percent of the national minimum standard of industrial land transfer corresponding to the land grade.
5. For encouraged foreign-invested projects that make intensive use of land in Taiyuan's development zones, priority shall be given to supplying land. The base price for land transfer shall be no less than 70 percent of the national minimum standard of industrial land transfer corresponding to the land grade.
This English version is only for reference. To learn more, please refer to the authoritative Chinese version.