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14. D. COMMISSIONER JOSEPH E. FLESCHER <br /> 14. D. 1. REQUEST FOR DISCUSSION FOR ECONOMIC INCENTIVE FOR THE <br /> ENTERPRISE ZONE <br /> Commissioner Flescher relayed that pending before the City of Vero Beach ("the City") <br /> is a proposed Ordinance that would provide for an exemption equal to 50 percent of the <br /> Municipal Public Service Tax on electrical energy used by qualified businesses in the Indian <br /> River County-Vero Beach Enterprise Zone . He estimated that a company saving $ 60480 a <br /> month would reap almost $ 1 , 000 in annual savings ; with the proposed five-year cap , it could be a <br /> $ 5 , 000 incentive for that business to come into the Enterprise Zone . He added that the savings <br /> might not convince a business to locate in the Enterprise Zone, but it is one more element that <br /> can be added to the available incentives , and it broadens the welcome mat . Commissioner <br /> Flescher pointed out that the Enterprise Zone consists of an incorporated and an unincorporated <br /> region, and wanted to see if the Board would be interested in learning whether businesses in the <br /> unincorporated area could also take advantage of the exemption. <br /> Attorney Polackwich remarked that while the State Statute deals with local government <br /> incentives for enterprise zones, it is a somewhat gray area. However, he noted that State law <br /> does encourage local governments to create incentives within the enterprise zone . <br /> Commissioner Flescher, in response to Commissioner Davis ' s inquiry, explained that the <br /> form to apply for the 50 % exemption is available on the Department of Revenue ' s website, as <br /> Form DR- 15JEZ Application for the Exemption of Electrical Energy Used in an Enterprise Zone , <br /> Chairman Wheeler wanted to have staff return with further information on this matter. <br /> Commissioner Flescher reiterated that he was seeking staff' s analysis on the feasibility of <br /> offering the exemption on utility taxes for electrical energy to businesses in the unincorporated <br /> area of the Enterprise Zone, as well as within the City Limits . <br /> July 17 20:12 25 14 2 7 3 <br />