[Ord. of 11-10-1997(2)]
Qualified technology businesses shall receive a rebate of a
percentage of the utility tax on purchase of local telephone and electric
services excluding the tax on cellular telephone service.
[Ord. of 11-10-1997(2)]
(a)
The amount of tax rebate on the utility taxes set forth in § 28.5-10 shall be set in decreasing amounts every 12 months as follows:
|
Time Period
|
Amount
| |
|---|---|---|
|
First 12 months
|
100%
| |
|
Second 12 months
|
80%
| |
|
Third 12 months
|
60%
| |
|
Fourth 12 months
|
40%
| |
|
Fifth 12 months
|
20%
|
(b)
The first twelve-month period commences on the first day of the month
on which or after which the business commences operations. Qualified
technology businesses shall receive this rebate for a period of five
years. If a business ceases to be a qualified technology business
within the five-year period, the rebate shall cease on the month after
the business no longer qualifies as a qualified technology business.
(c)
Once a business qualifies as a qualified technology business, it
shall not be entitled to further rebates as a result of expansion
thereof or increase in number of employees.
[Ord. of 11-10-1997(2)]
(a)
Qualified technology businesses shall be exempt from the payment of sewer connection fees, water connection fees and the following building code fees established by City Council pursuant to § 6-27 of this Code:
Plan review fees
New construction fees (except for special plan review fees)
Plumbing permit fees
Electrical permit fees
Mechanical permit fees
(b)
The fees from which qualified technology businesses are exempt under
this section only include those involved in preparing the business
for initial occupancy and operations. Such exemptions do not apply
to subsequent alterations or additions to buildings and structures
owned by such businesses.
