15-24-1401. Definitions. The following definitions apply to 15-24-1402 unless the context requires otherwise: (1) ”Expansion” means that the industry has added or will add at least $50,000 worth of qualifying improvements or modernized processes to its property within the same jurisdiction either in the first tax year in which the benefits provided for in 15-24-1402 are to […]
15-24-1402. New or expanding industry — assessment — notification. (1) In the first 5 years after commencement of construction, qualifying improvements or modernized processes that represent new industry or expansion of an existing industry, as designated in the approving resolution, must be taxed at 25% or 50% of their taxable value. Subject to 15-10-420, each year […]
15-24-1403 through 15-24-1409 reserved.
15-24-1410. (Temporary) Manufacturer of ammunition components — exemption from statewide property taxes. As provided in 30-20-204, property used in the manufacture of ammunition components is exempt from the property taxes levied for state educational purposes under 15-10-109, 20-9-331, 20-9-333, 20-9-360, and 20-25-439. The exemption must be administered and applied for as provided in Title 30, chapter […]
