§ 42-45. Application generally.

(a)

The economic development ad valorem tax exemption is a local option tax incentive for new or expanding business which may be granted or refused at the sole discretion of the board. To apply for such an exemption, a business locating or expanding in the incorporated or unincorporated area of the county must file an application form, Form EDAG-1, attached to the ordinance from which this division is derived as Amended Attachment 1 with the board.

(b)

Satisfactory proof that the business meets the criteria for exemption as a new business or expansion of an existing business as defined by this article must accompany the application.

(c)

The application shall be filed on or before March 1 of the year in which an exemption is requested.

(d)

Exemption from county tax may only be granted by the board. The exemption granted under this division shall not accrue to improvements to real property made by or for the use of new or expanding businesses when such improvements have been included on the tax rolls prior to the referendum authorizing this article.

(Code 1982, § 1-19.3-56; Ord. No. 92-24, pt. A, 10-6-1992; Ord. No. 93-24, pt. A, 11-9-1993; Ord. No. 01-22, pt. A, 11-13-2001)

Editor's note

Amended Attachment 1 to Ord. No. 01-22, adopted Nov. 13, 2001, is not printed herein, but is on file and available for reference together with the ordinance, in the offices of the county.