Taxpayers have a choice concerning the tax credit that may be claimed under the provisions of this article. The tax credit sections contained in this Article being Sections 787.26 thru 787.30 Industrial Expansion Credit; Sections 787.31 thru 787.35 Industrial Revitalization Credit; Sections 787.40 thru 787.42 Employment Credit and Section 787.53 Downtown Business District Enhancement Tax Credit are mutually exclusive. Any taxpayer may assert a credit pursuant to one of the sections as enumerated above within this paragraph but may not assert such credits under more than one section. For example a taxpayer asserting an Industrial Revitalization Credit may not also assert a Downtown Business District Enhancement Credit. The taxpayers election as to which credit will be asserted shall be binding upon the taxpayer.
(Ord. 13225. Passed 6-6-06.)
(Ord. 13225. Passed 6-6-06.)