§ 102-189. Revocation of exemption/recovery of funds.
Latest version.
Should any new business or expansion of an existing business fail to file the annual
report or any other report required in section 102-185(g), or fail to continue to meet the definition of a new business or an expansion
of an existing business, and/or fail to fulfill any other representation made to the
board during the application process, the board may adopt an ordinance revoking the
ad valorem tax exemption. An ordinance revoking the ad valorem tax exemption may provide
that the board recover any taxes waived during the exemption period. Nothing herein
shall prohibit a business from reapplying for an ad valorem tax exemption pursuant
to state law.
