§ 42-48. Eligible business or industry.

(a)

Any business or industry, as defined in section 42-44, that does not qualify as an ineligible business or industry as defined in section 42-49.

(b)

When considering the issue of whether or not a business or industry is an eligible business as defined herein, the board shall consider the anticipated number of employees, average wage, type of industry or business, environmental impacts, volume of business or production or any other information relating to the issue of whether the proposed development in the county prior to accepting the economic development ad valorem tax exemption application. The criteria for determining the length of an exemption and the percentage amount of an exemption may be formulated by the board by resolution. The criteria shall provide for incentives for businesses that employ county residents who establish permanent domicile pursuant to state statutes.

(Code 1982, § 1-19.3-59; Ord. No. 92-24, pt. A, 10-6-1992)