(a) Businesses are only eligible for one B&O tax incentive at a time. In addition, any business/owner receiving a tax incentive is not eligible for any other incentive for a
period of two years from date of award.
(b) Businesses which apply for and receive tax increment financing are not eligible for B&O tax incentives or for any other type of grant or loan as defined in Section 737.33 through 737.42 for projects involving the construction or erection of building, infrastructure (utilities, roads, etc) the same as or similar to those constructed or erected with tax increment financing.
(d) All incentive programs shall be deemed to be discretionary and determination of qualifications and eligibility for any incentive program shall be made by City Council, which determination shall be deemed final and not subject to appeal.
(Passed 3-28-16)
(e) All incentives noted in Section 737.36, 737.38, and 737.40 are designed for any potential project up to a maximum of $25,000,000 investment as noted in Section 737.41 General Definitions (d). For a major economic development project exceeding an investment of $25,000,000, it shall be determined by council what incentives may be granted on a case by case basis. Said incentives may be unique to the project or may exceed the parameters of the established incentives. (Passed 10-24-16.)