(A) No tax abatement application shall be considered under this subchapter for items of manufacturing equipment which have a total value of less than $1,500 or for structural improvements valued at less than $10,000.
(B) This subchapter shall not give any person, firm, organization, or corporation any right to tax abatement for a longer period of time, or greater amount, than as provided by the laws of the state.
(C) This subchapter shall apply to redevelopment, rehabilitation, or new manufacturing equipment located in the town in the Paoli Industrial Park as shown on “Map 1" attached to Ordinance 1984-6, passed 8-27-84, or at a site which is or will be used for manufacturing or processing as defined in the Standard Industrial Classification Code (“SIC Code”) currently used by the United States Bureau of the Census.
(Ord. 1984-6, passed 8-27-84)