§ 30-307. Operating years when exemptions available.

(a)

A qualifying business that is newly formed is eligible for an exemption in the year of its formation and for the following two years of operations.

(b)

A qualifying business that would have been eligible for the exemption had such exemption had been available in the first three years of its operations is eligible for an exemption in first and/or second year after this division is effective; provided however that no exemption is available in the fourth year of operation of any qualifying business.

(c)

A qualifying business that was in operation but was not registered with the office of revenue shall have the years of operation prior to registration counted as a part of the operating years used to calculate if exemptions could be available.

(d)

Under no circumstance shall any business entity be entitled to an exemption in more than three tax years.

( Ord. No. 2015-13(15-O-1078), § 1(Exh. A), 3-11-15 )