economic development ad valorem tax exemption ordinance presentation to the orange county board of...

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Economic Development Ad Valorem Tax Exemption Ordinance Presentation to the Orange County Board of County Commissioners February 7, 2012

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Page 1: Economic Development Ad Valorem Tax Exemption Ordinance Presentation to the Orange County Board of County Commissioners February 7, 2012

Economic Development Ad Valorem

Tax Exemption Ordinance

Presentation to the Orange County Board of County Commissioners

February 7, 2012

Page 2: Economic Development Ad Valorem Tax Exemption Ordinance Presentation to the Orange County Board of County Commissioners February 7, 2012

Overview January 31, 2012 Referendum passed Program To Promote Job Creation

Qualified New and Expanding

Businesses Exemption Up To 10 Years and Up To

100% Each Project Requires BCC Approval

Economic Development Ad Valorem

Tax Exemption Ordinance

Page 3: Economic Development Ad Valorem Tax Exemption Ordinance Presentation to the Orange County Board of County Commissioners February 7, 2012

Next Steps Staff Will Bring Enabling Ordinance

Before BCC on 2/21/12

Guidelines, Including Qualifying Criteria

for Exemption Levels, Presented

Administrative Regulation

Economic Development Ad Valorem

Tax Exemption Ordinance

Page 4: Economic Development Ad Valorem Tax Exemption Ordinance Presentation to the Orange County Board of County Commissioners February 7, 2012

Next Steps Continued

Finalize Application and Reporting

Documents

Develop Verification Process

Educate Economic Development

Partners

Communication Plan

Economic Development Ad Valorem

Tax Exemption Ordinance

Page 5: Economic Development Ad Valorem Tax Exemption Ordinance Presentation to the Orange County Board of County Commissioners February 7, 2012

Process Application Filed by Company

Internal Review by Orange County Staff

Submit to Property Appraiser’s Office for

Report

Schedule Public Hearing

If passed by BCC, Enter Into Agreement

With Company

Economic Development Ad Valorem

Tax Exemption Ordinance

Page 6: Economic Development Ad Valorem Tax Exemption Ordinance Presentation to the Orange County Board of County Commissioners February 7, 2012

Questions

Economic Development Ad Valorem

Tax Exemption Ordinance

Page 7: Economic Development Ad Valorem Tax Exemption Ordinance Presentation to the Orange County Board of County Commissioners February 7, 2012

Economic Development Ad Valorem

Tax Exemption Ordinance

Presentation to the Orange County Board of County Commissioners

February 7, 2012