Morgan County Commissioners adopt an infrastructure development zone as set out herein, and specifically:
(A) In accordance with I.C. 6-1.1-12.5-4, the County Commissioners establish an infrastructure development zone.
(B) The infrastructure development zone shall incorporate all of the geographic area of Morgan County, including its incorporated cities and towns.
(C) The infrastructure development zone is established to encourage the development of broadband services to Morgan County residents residing in the infrastructure development zone.
(D) The infrastructure development zone shall permit a business personal property tax exemption available to persons or companies for certain infrastructure associated with the development of broadband technology.
(E) The tax exemption for broadband technology infrastructure shall only be permitted for the installation of fiber to homes, businesses, farms, schools and publicly owned buildings. The exemption shall not be available for maintenance and refurbishment to existing facilities, land the infrastructure is located on, fiber to cell towers or satellites, or long haul/pass thru fiber infrastructure.
(F) The exemption shall only be available to broadband infrastructure projects completed within six years from the date of passage of this section.
(Ord. 2018-4, passed 7-16-2018)