§ 2-29-164. Definitions of terms.

For purposes of this article and article XVI, the following words, phrases and terms shall have the following meanings:

(1)

Applicant: Any person, firm, partnership or corporation who files an application with the board seeking an economic development ad valorem tax exemption.

(2)

Business: Any for-profit activity engaged in by any person, firm, partnership, corporation or other business organization or entity.

(3)

Department: The Florida Department of Revenue.

(4)

Economic development ad valorem tax exemption: An ad valorem tax exemption granted by the board in its discretion to a qualifying new business and/or an expansion of an existing business for up to one hundred (100) per cent of the county ad valorem tax levied on the qualifying property of said business for a period up to ten (10) years; provided, however, the exemption shall not apply to taxes levied by the county for the payment of bonds or taxes authorized by a vote of the electors pursuant to Section 9 and Section 12, Article VII of the State Constitution.

(5)

Enterprise zone: An area designated as an enterprise zone pursuant to Section 290.0065, Florida Statutes.

(6)

Expansion of an existing business: A business meeting the definition set forth in Section 196.012(16), Florida Statutes, as amended.

(7)

Facility: The business located in Manatee County that is requesting an ad valorem tax exemption.

(8)

Goods: All personal property when purchased primarily for personal, family or household use, but not including personal property sold for commercial or industrial use.

(9)

Improvements: Physical changes made to raw land, and structures placed on or under the land surface.

(10)

Metropolitan Statistical Area (MSA): A geographical region with a relatively high population density at its core and close economic ties throughout the area. Such areas are not legally incorporated. For purposes of this article, the MSA includes Manatee and Sarasota counties.

(11)

New business: A business meeting the definition set forth in Section 196.012(15), Florida Statutes, as amended.

(12)

Sales factor: A fraction the numerator of which is the total sales of the taxpayer in the MSA during the taxable year or period and the denominator of which is the total sales of the taxpayer everywhere during the taxable year or period. For purposes of this definition, (a) "total sales" shall mean those sales that are processed and shipped through the facility's doors located in Manatee County, and (b) "taxpayer" shall have the same meaning as "facility".

(Ord. No. 14-31, § 3(Exh. A, § 2-29-154), 6-3-14)