◆Taxation Policies 　　State Taxes The Taxation Preferential Policies for the " New Enterprise Income Tax Law" And Its "Implementation Regulations" 　　As for the income tax of the enterprises engaging in the investment in and operation of the port wharf, airport, railway, highway, city public transit, electric power, water conservancy and other public infrastructure facility projects, from the taxation year when they get their first operation income, the enterprise income tax is exempted from the first year to the third year, and is reduced by 50% from the fourth year to the sixth year. 　　As for the income of the enterprises engaging in public sewage disposal, public garbage disposal, marsh gas synthetic development and utilization, energy-saving and exhaustion-reducing technical transformation, sea water desalination and other environment-protecting, energy-saving and water-saving projects that are in conformity to the conditions, from the taxation year when they get their first operation income, the enterprise income tax is exempted from the first year to the third year, and is reduced by 50% from the fourth year to the sixth year. 　　As for the part of technical transfer income of a resident's enterprise occurred in a taxation year that does not exceed 5 million yuan, the enterprise income tax is exempted; while the enterprise income tax for the part that exceeds 5 million yuan is to be levied by reducing by 50%. 　　With regard to the enterprises of new and hi-tech that need to be emphatically supported by the State, the enterprise income tax is to be levied at a reduced taxation rate of 15%. 　　In respect of the R&D cost of an enterprise for developing a new technique, new product and new technology, in case the new project has not formed an intangible asset and calculated into current period profits and losses, it is to be deducted by adding 50% of the R&D cost for calculation on the basis of actual deduction according to rules; in case it has formed an intangible asset, it is to be amortized in conformity to 150% of the intangible asset cost. 　　In case an enterprise purchases and actually uses a special environment-protecting, energy-saving, water saving and safe production equipment that is provided for in the " Contents of Enterprise Income Tax Preferential Treatment for Environment-Protecting Special-Purpose Equipments " , "Contents of Enterprise Income Tax Preferential Treatment for Energy-Saving and Water-Saving Special-Purpose Equipments " and "Contents of Enterprise Income Tax Preferential Treatment for Safe Production Special-Purpose Equipments ", the 10% of the investment amount of the special-purpose equipment can be set off from the current year's taxable taxation amount; if the current year taxation amount is not enough for the setting off, it may be brought forward to be set off in the next 5 taxation years. 　　Local Taxesthe Preferential Taxation Policies For Local Taxes 　　For the income of a unit and an individual (including foreign invested enterprises, foreign enterprises and foreign-nationality individuals) gained from engaging in technical transfer and technical development business as well as from the technical consultation and technical service business, the business tax is exempted. 　　For the part not exceeding 5 million yuan of an income gained by a resident's enterprise from a technical transfer that conforms to the conditions, the enterprise income tax is exempted;for the part exceeding 5 million yuan, the enterprise income tax is reduced by 50%. 　　For a new and hi-tech enterprise needs to be emphatically supported by the State, the enterprise income tax is to be levied at a reduced taxation rate of 15%. 　　In respect of the R&D cost for developing a new technique, new product and new technology, in case the new project has not formed an intangible asset and calculated into current period profits and losses, it is to be deducted by adding 50% of the R&D cost for calculation on the basis of actual deduction according to rules; in case it has formed an intangible asset, it is to be amortized in conformity to 150% of the intangible asset cost. 　　Whereas an enterprise arranges disabled personnel, on the basis of actually deduction of the wages paid to the disabled employees, it is to be deducted by adding 100% of the wages paid to the disabled employees for calculation.