If it shall appear from the verified statement referred to in § 38.23 that the applicant is within the exemption provided by this subchapter, the Metro Government Cabinet for Finance and Administration and the Jefferson County Property Valuation Administrator shall omit from his or her assessments for Metro Government taxation for a period of the next five years after the filing of such statement, the assessed valuation of the property of the new manufacturing establishment in each such year. Nothing in this subchapter shall prevent the Metro Government Cabinet for Finance and Administration or the Jefferson County Property Valuation Administrator from fixing the fair cash value of the property in the manner that other taxable property is assessed.
(1999 Lou. Code, § 96.14) (Lou. Metro Am. Ord. No. 176-2003, approved 9-26-2003)