4. Property tax incentive-City View Fuel LLC

y 3 >r iw�T \ z r i Ys. A�, z ' `1 .n.% 3 a£"k'4�' tE � a F �, ! ,Z' 'a s 4 Y s i 4 _ f f Gui.. } } a,.... \ .d*" � � y .;.F A f. I ; iY d � T ' � L" I � �> t , &i fi � ifr 4 ,�Yn fi �8a, � Y„ ; 3 �' " ' v a r a a a. s d h 0e " , f W " V"[ a kMa� 4 * r ce ¥ 7., � c. � � A 3 p o � �, . �� 3 f ; .4;1 � r � r On .� .t 4� Vi �t ?r 'C� K �. � � 1# �� 3_ � � � �--. � 5 �� r,. 5F0: r tn � m ?t5 4� ° �� . � � u v k vt * 44 a d e ' F � 4:, T� � YN� en" 1:y es fo ,Ne ow E 4k t 4 ust elses 4�A L 4 F-A N^ u I? . „, f s , e. ,$ . ,Y sF ,, as#„ 0 r 3 fi ,i$ L r :.� i-,' t' s ,, , �M .4 0 Va `,r ss, 44.' x „k_ , . & ,t'fi .p is *AOtt K ✓4k� s F North D kotai. :.entu Code' h 0-� Ryan Rauschenberger January 2014 Tax Commissioner North Dakota Century Code ch.40-57.1 provides incentives in the form of property tax exemptions, payments in lieu of taxes,or a combination of both to a qualifying business. The incentives are granted at the discretion of the city or county in which the property is located. * Before a municipality may grant a property tax exemption under N.D.C.C. § 40-57.1-03,the project must be certified as a primary sector business by the Commerce Department. * A city or county with fewer than 40,000 population may grant an exemption to a project operating in the retail sector if the governing body has obtained approval from a majority of the qualified electors voting on the question at a city or county election held in conjunction with a statewide general election and if that governing body has established by resolution or ordinance the criteria that will be applied by the governing body to determine whether it is appropriate to grant an exemption for a project operating in the retail sector. Minimum criteria are specified in subsection 1 of N.D.C.C. § 40-57.1-03. A city or county may not supersede or expand the provisions of this section under home rule authority. Definitions 1. Commencement of construction means the building or erecting of any improvements other than site preparation or excavation. 2. Commencement of project operation means "the date the plant actually goes into its planned operations. To use the example..., if a manufacturing plant actually begins manufacturing of its products in December, 1970,that would be the date of commencement of project operations. The Act does not purport to authorize granting of tax exemptions for the time of construction of plants.” 1969 N.D. Op.Att'y Gen. 415. 3. Local Development Corporation means a profit or nonprofit corporation incorporated in this state for the purpose of furthering the economic development of a specified community or area. 4. Municipality means a city or a county. * 5. Primary sector means a business that adds value to a product, process, or service that results in the creation of new wealth. New wealth means revenues to a North Dakota business generated by sales of products or services to customers outside North Dakota, or revenues to a North Dakota business from sales in North Dakota, if the product or service was previously unavailable or of limited availability. 6. Project means any new revenue-producing business or an expansion to an existing business. G-15 24892 North Dakota Office of State Tax Commissioner 600 E Boulevard Ave.Dept 127 701.328.3127 taxinfo @,nd.gov Bismarck ND 58505-0599 nd.gov/tax www.nd.gov