No later than March 1 each year, beginning the year an exemption is effective, and continuing each year thereafter until the exemption ends, each recipient of an exemption under this article shall submit a report and certification of compliance. The report shall contain, at a minimum, the following:
(1) The average number of full-time employees during the previous calendar year;
(2) A schedule of the employee positions, together with salaries paid, and employee benefit costs listed separately, together with copies of each Employer Quarterly Unemployment Insurance Tax Report for the previous calendar year;
(3) An itemized list of all new equipment and the cost and capitalization of each; and
(4) A compliance statement explaining whether recipient is in compliance with the terms and conditions of the exemption, and fully explaining any areas of non-compliance.
Failure to timely submit a complete annual report is grounds for immediately terminating an exemption.
The annual report shall be submitted to the Assessor's Office, with a copy provided to the Economic Development Office of the jurisdiction where the investment was made. (Ord. 18-031, 11-15-2018)