Tax abatement may be allowed for construction projects in certain categories as follows:
(A) Manufacturing where the property consists of new, improved or expanded structures, but not including land;
(B) Warehousing as part of renovation of vacated manufacturing structures or the construction of a new facility;
(C) New research or high technology facilities;
(D) Renovation of vacant manufacturing structures;
(E) New retail business provided the business will create sufficient new jobs to justify abatement in the discretion of the council; and
(F) Effective as of January 1, 2023, any category allowed under Indiana law pursuant to I.C. 6-1.1-12.1.
(Prior Code, § 115.01) (Ord. 4-95, passed 2-13-1995; Am. Ord. 1-2023, passed 1-23-2023)