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03/30/2021 S.A. • No planned expansions of the building — not eligible for abatement of taxes on real property. • New tangible personal property will be purchased - eligible for a tax abatement on new tangible personal property. • Applicant plans to begin operations soon (hiring starting) • Any approved tax. abatements could start with calendar year 2022 • Property Appraiser evaluates property, as of January 1 sl each year (tangible personal property to be evaluated in early 2022) • tax bill issue date: November 2022 • BCC may grant qualifying businesses an exemption from certain ad valorem taxes (property taxes) for a period of up to 10 years for certain business types (e.g. Manufacturing, Corporate Office) - Manufacturing = Min. of 10 new jobs • BCC may exempt (abate) up to 100% of the assessed value of new real property improvements and newly installed tangible personal property for purposes of assessing "County taxes". • County taxes possible for abatement: General Fund, Municipal Services Taxing Unit (MSTU), and Emergency Services District Fund. • For 2020/2021 budget year: Approximately 47.8% of the property tax bill for the subject properties within unincorporated county • No other taxes, such as School District taxes or taxes levied for the payment of bonds, are affected by the tax abatement.