Any new manufacturing establishment established within the boundaries of Metro Louisville on or after January 6, 2003 is exempted for a period of five years from all Metro Government ad valorem taxation on all property assessable for local taxation owned, employed, and used by the new manufacturing establishment in conducting the establishment. However, the exemption is granted on the condition that the new manufacturing establishment shall comply with the provisions of § 38.23 on or before the assessment date for Metro Government taxation occurring next after its establishment in Metro Louisville.
(1999 Lou. Code, § 96.11) (Lou. Metro Am. Ord. No. 176-2003, approved 9-26-2003)