15-24-1901. Definitions

15-24-1901. Definitions. Unless the context requires otherwise, the following definitions apply to this part: (1) ”Industrial park” means property zoned for light and heavy industry. The term includes fully developed or partially developed land and improvements and undeveloped land. The term also includes undeveloped land owned by a local economic development organization if the local economic development […]

15-24-1902. Industrial park tax exemption — procedure — termination

15-24-1902. Industrial park tax exemption — procedure — termination. (1) An industrial park owned and operated by a local economic development organization or a port authority is eligible for an exemption from property taxes as provided in this section. (2) In order for a taxpayer to qualify for the tax exemption described in this section, the taxpayer […]