(a) Any service or manufacturing business or occupation subject to this tax that locates or relocates within the corporate limits of the City after the effective date of this section shall be eligible for a 100% exemption from the application of this tax if the business or occupation employs and retains at least 500 permanent full-time employees. This exemption shall apply for the first ten years that such business or occupation shall be located or relocated within the City.
(b) Any service or manufacturing business or occupation subject to this tax that locates or relocates within the corporate limits of the City after the effective date of this section shall be eligible for a percentage exemption from the application of this tax if the business or occupation employs and retains less than 500, but at least 150 permanent full-time employees, from any such applicable tax, as follows:
Permanent, Full-Time Jobs in City | % Exemption |
400-499 | 80% |
300-399 | 60% |
200-299 | 40% |
150-199 | 30% |
149 or less | 0% |
This exemption shall apply for the first ten years that such business or occupation shall be located or relocated within the City.
(c) In the event that any service or manufacturing business or occupation subject to this tax locates or relocates within the City after the effective date of this section or had located or relocated after the effective date of any prior version of this section such that it was eligible for exemptions continuously for ten years under subsection (a) or its former equivalent, and thereafter continues to employ and retain permanent full-time employees, such employer shall be eligible for a percentage exemption from any such applicable tax so long as it continuously employs and retains permanent full-time employees thereafter as follows:
Permanent, Full-Time Jobs in City | % Exemption |
400 or more | 50% |
300-399 | 40% |
200-299 | 30% |
150-199 | 20% |
149 or less | 0% |
(d) Any such employer desiring to qualify for the exemptions provided herein shall apply for the same to the City Manager who shall review the same and advise Council concerning the applicability of such exemption. (Passed 7-15-08.)