§ 37.165 DEFINITIONS.

   For the purposes of this subchapter, the following definitions shall apply unless the context clearly indicates or requires a different meaning.

   CAPITAL ASSETS. Tangible and intangible personal property which is subject to depreciation or amortization under §§ 167 and 168 of the Internal Revenue Code of 1986, as amended to the date of adoption of this ordinance.

   CONSTRUCTION COMMENCEMENT. The date earth is first excavated for the purpose of constructing a new business facility.

   DEPARTMENT. The finance department of the city.

   FINANCE DIRECTOR. The finance director of the city.

   NEW BUSINESS FACILITY. A new building or structure that is part of a project that satisfies the requirements of § 37.167 and is not ineligible under the provisions of § 37.168.

   PERSON. Any individual, firm, partnership, joint venture, association, limited liability company, limited liability partnership, corporation, trust or any group or combination thereof acting as a unit.

   PROJECT. The construction, equipping and furnishing of a new business facility at a single site, and for which the commencement of construction or the ordering of equipment to be used in a new business facility occurred on or after April 11, 2005.

   SALES TAX. The sales and service and use taxes imposed by the city pursuant to §§ 37.001 and 37.002.

(1992 Code, § 39-172) (Ord. 42-05, passed 4-18-2005; Ord. 60-07, passed 5-7-2007)