§ 13-266. Revocation.

(a)

Should any new business or expansion of an existing business:

(1)

Fail to file the annual report and employee roster with the board on or before March 1 of each year the exemption has been granted as required in subsection 13-263(g) hereof,

(2)

Fail to continue to meet the definition of a new business or an expansion of an existing business,

(3)

Fail to fulfill any other representation made to the board during the application process, including but not limited to the creation and maintenance of the total number of new jobs identified in the application, or

(4)

Fail to comply with any other statutory requirement for continuation or renewal of the exemption, the board may enact an ordinance revoking the exemption.

(b)

The exemption may be revoked after expiration of this implementing ordinance on November 2, 2020, for a business that fails to fulfill its obligations as provided for under the implementing ordinance. The effective date for revocation of the exemption will be identified in the implementing ordinance.

(c)

Upon revocation of an exemption, the board shall immediately notify the property appraiser.

(d)

For any year that taxes may have been exempted and the board finds that the business was not entitled to the exemption, such taxes may be recovered and the property appraiser will assist the board to recover any taxes exempted.

(e)

Nothing herein shall prohibit a business from reapplying for an exemption.

(Ord. No. 11-05, § 6, 7-18-11)