§ 42-44. Definition of terms.

The following words, terms and phrases shall have the same meanings attributed to them in current state statutes and the state administrative code, except where the context clearly indicates otherwise:

Applicant means any person or corporation submitting an economic development ad valorem tax exemption application to the board.

Business means any activity engaged in by any person, corporation or company with the object of private or public gain, benefit, or advantage, either direct or indirect.

(1)

New business.

a.

A business establishing ten or more jobs to employ ten or more full-time employees in this county, which manufactures, processes, compounds, fabricates, or produces for sale items of tangible personal property at a fixed location and which comprises an industrial or manufacturing plant.

b.

A business establishing 25 of more jobs to employ 25 or more full-time employees in this county, the sales factor of which, as defined by F.S. § 220.15(5), for the facility with respect to which it requests an economic development ad valorem tax exemption is less than one-half for each year the exemption is claimed. No business engaged in retail operations as defined herein shall be eligible for an exemption pursuant to this subsection (1)b.

c.

An office space in this state owned and used by a corporation newly domiciled in this county; provided such office space houses 50 or more full-time employees of such corporation; provided that such business or office first begins operation on a site clearly separate from any other commercial or industrial operation owned by the same business.

d.

Any business located in an area designated enterprise zone that first begins operation on a site clearly separate from any other commercial or industrial operation owned by the same business.

(2)

Expansion of existing business.

a.

A business establishing ten or more jobs to employ ten or more full-time employees in this county, which manufactures, processes, compounds, fabricates, or produces for sale items of tangible personal property at a fixed location and which comprises an industrial or manufacturing plant.

b.

Any business establishing 25 or more jobs to employ 25 or more full-time employees in this county, the sales factor of which, as defined by F.S. § 220.15(5), for the facility with respect to which it requests an economic development ad valorem tax exemption is less than one-half for each year the exemption is claimed provided that such business increases operations on a site collocated with a commercial or industrial operation owned by the same business, resulting in a net increase in employment of not less than ten percent or an increase in productive output of not less than ten percent. No business engaged in retail operations as defined herein shall be eligible for an exemption pursuant to this subsection b.

c.

Any business located in an enterprise zone that increases operations on a site collocated with a commercial or industrial operation owned by the same business.

(3)

Business engaged in retail operations. A business engaged in a sale to a consumer or to any person of an item of tangible personal property for any purposes other than for resale.

Department means the state department of revenue.

Improvements means:

(1)

Physical changes made to raw land, and structures placed on or under the land surface;

(2)

All personal property acquired to facilitate an expansion of an existing business; provided that the personal property is added or increased on or after October 6, 1992. However, personal property acquired to replace existing property shall not be considered to facilitate a business's expansion.

Sales factor means a fraction the numerator of which is the total sales of the taxpayer in this state during the taxable year or period and the denominator of which is the total sales of the taxpayer everywhere during the taxable year or period. (See F.S. § 220.15(5), for specifics of computation).

(Code 1982, § 1-19.3-55; Ord. No. 92-24, pt. A, 10-6-1992)