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Economic Development Ad Valorem Tax Exemption Ordinance

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Economic Development Ad Valorem Tax Exemption Ordinance. Presentation to the Orange County Board of County Commissioners February 7, 2012. Economic Development Ad Valorem Tax Exemption Ordinance. Overview January 31, 2012 Referendum passed Program To Promote Job Creation

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Presentation Transcript
slide1

Economic Development

Ad Valorem

Tax Exemption Ordinance

Presentation to the Orange County

Board of County Commissioners

February 7, 2012

economic development ad valorem tax exemption ordinance
Economic Development Ad Valorem Tax Exemption Ordinance
  • Overview
      • January 31, 2012 Referendum passed
      • Program To Promote Job Creation
      • Qualified New and Expanding Businesses
      • Exemption Up To 10 Years and Up To 100%
      • Each Project Requires BCC Approval
economic development ad valorem tax exemption ordinance1
Economic Development Ad Valorem Tax Exemption Ordinance
  • Next Steps
      • Staff Will Bring Enabling Ordinance Before BCC on 2/21/12
      • Guidelines, Including Qualifying Criteria for Exemption Levels, Presented
      • Administrative Regulation
economic development ad valorem tax exemption ordinance2
Economic Development Ad Valorem Tax Exemption Ordinance
  • Next Steps Continued
      • Finalize Application and Reporting Documents
      • Develop Verification Process
      • Educate Economic Development Partners
      • Communication Plan
economic development ad valorem tax exemption ordinance3
Economic Development Ad Valorem Tax Exemption Ordinance
  • Process
      • Application Filed by Company
      • Internal Review by Orange County Staff
      • Submit to Property Appraiser’s Office for Report
      • Schedule Public Hearing
      • If passed by BCC, Enter Into Agreement With Company
slide7

Economic Development

Ad Valorem

Tax Exemption Ordinance

Presentation to the Orange County

Board of County Commissioners

February 7, 2012

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