REVISING PARTICIPATION FEES FOR CERTAIN BUSINESSES LOCATED WITHIN THE BLOOMINGTON URBAN ENTERPRISE ZONE AND A TAX INCREMENT FINANCE AREA THAT RECEIVE AN ENTERPRISE ZONE INVESTMENT DEDUCTION
This ordinance establishes the participation fee to the Bloomington Urban Enterprise Association for businesses located in the Enterprise Zone that receive an Enterprise Zone Investment Deduction (EZID). If the business is also located in a TIF district and the qualified investment has a base year of 2005 or 2006, the participation fee is 100% of the EZID; otherwise, the participation fee per year is 20%.
| Committee |
2006-02-22 |
|
8-0-1 (Volan) |
|---|
| Final |
2006-03-01 |
Passed |
8-0
(Mayer absent) |
|---|
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