§ 32-1-1701. Legislative Declaration

The general assembly hereby finds and declares that the health, safety, and welfare of the people of this state are dependent upon the attraction of new private enterprise as well as the retention and expansion of existing private enterprise; that incentives are often necessary in order to attract private enterprise; and that providing incentives stimulates […]

§ 32-1-1702. New Business Facilities – Expanded or Existing Business Facilities – Incentives – Limitations – Authority to Exceed Revenue-Raising Limitation

Notwithstanding any law to the contrary, a special district may negotiate for an incentive payment or credit with a taxpayer who establishes a business facility, as defined in section 39-30-105.1 (6)(b), in the special district. In no instance may any negotiation result in an annual incentive payment or credit that is greater than the amount […]