(A) In the case of an incentive, upon entering an agreement with the city, through its Mayor, the approved company shall withhold and remit to the city the full amount of the occupational license tax from its approved company employees consistent with all applicable laws and ordinances, and receive a reimbursement from the city of the incentive in the form of a refund at the end of each incentive year.
(B) Upon satisfaction that the approved company has met all of the terms and requirements of the agreement, the city shall remit the incentive to the approved company within 90 days after the end of each incentive year.
(C) Any approved company receiving an incentive shall make its payroll book and records available to the city at such reasonable times as the city shall request, and shall file with the city documentation respecting any employee assessment as the city may require.
(D) Notwithstanding other language in this chapter to the contrary stating that it is applicable to an employer, incentives hereunder may be applied to a company providing infrastructure and/or investment which enables employers at said premises to, in the aggregate, provide the minimum jobs and/or payroll required by this chapter. In such cases, the incentive may be applied to such investor.
(Ord. 2013-007, passed 6-4-2013; Am. Ord. 2020-005, passed 3-17-2020; Am. Ord. 2021-005, passed 9-7-2021)