5/14/1996 - Laserfiche WebLink

Home Browse Search

RESOLUTION NO. 96-56 harmonious, orderly, and progressive development of new businesses and the expansion of existing businesses within the county. The intent of this resolution. is to grant tax exemptions to certain types of industrial businesses and corporate offices on a rational, nonarbitrary, nondiscriminatory basis with latitude given to the Board of County Commissioners to grant exemptions in their legislative discretion. Section 1.05 Definitions The following words, phrases, and terms are defined as follows: (1) Economic Development Council - An advisory body of the Board of County Commissioners on issues related to the county's economic development. (2) Expansion of an Existing Business, as defined by section 196.012(16), F.S. (a) A business establishing 10 or more jobs to employ 10 or more full-time employees in this state, 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; (3) New Business, as defined by Section 196.012(15), F.S. (a) A business establishing 10 or more jobs to employ* 10 or more full-time employees in this state, 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; or (b) An office space in this state owned and used by a corporation newly domiciled in this state; 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. Section 1.06 Conditions (1) The economic development ad valorem tax exemption is a local option tax incentive for new or expanding businesses which may be granted or refused at the sole discretion of the Board after consideration of the factors set out in Section 1.07 of this resolution. An applicant for such an exemption must file an application with the county and shall provide any further information requested by the county. (2) Satisfactory proof that the business meets the criteria as established by this resolution for exemption as a new business or expansion of an existing business must accompany the application. (3) An exemption shall be for a 10 year period, unless the Board determines that a shorter exemption is in the best interest of the citizens of Indian River County. 41 May 14, 1996pw'..46