(a) As provided in this subchapter, any person may apply for and obtain a refund or credit for sales tax paid by the person on the costs incurred in the furnishing and equipping of a new business facility that satisfies all requirements of this subchapter. Except as provided in the last sentence of this division (a), the refund allowed under this section pertains only to project costs incurred and paid within 36 months of the approval of the application required by § 37.169. Upon a showing of good cause, the time limits prescribed by this section may be extended by the finance director for a period not to exceed 24 months. The refund shall not apply to capital assets purchased to replace capital assets for which a refund has been claimed during this 36-month period or extended period. There is no refund if the person fails to make application with the finance director as set forth in § 37.169.
(b) The 30-day advance application requirement found in § 37.169 shall not apply to any project for which the commencement of construction or the ordering of equipment occurs between April 11, 2005, and the effective date of this subchapter. However, all projects shall submit an application to the finance director within 30 days of the effective date of the subchapter and receive the finance director’s approval prior to receiving a refund.
(c) Those businesses which otherwise were eligible to receive a refund of retail sales and service tax and use tax on capital assets, and missed the deadline set forth in the previous division (b) above, shall be allowed to submit an application for refund of retail sales and service tax and use tax on capital assets by June 1, 2006. If the applications are received by the city finance department by June 1, 2006, they will be deemed to have been timely filed.
(1992 Code, § 39-173) (Ord. 42-05, passed 4-18-2005; Ord. 38-06, passed 4-3-2006; Ord. 60-07, passed 5-7-2007)