Title
RESOLUTION NO. 23-20. A RESOLUTION CALLING FOR A REFERENDUM ON THE MARCH 19, 2024 GENERAL ELECTION BALLOT ON THE QUESTION OF WHETHER THE CITY OF PINELLAS PARK MAY GRANT ECONOMIC DEVELOPMENT AD VALOREM TAX EXEMPTIONS
FIRST AND FINAL READING
Body
NOTE: During the 2011 Florida legislative session, Section 196.1995 Florida Statutes, Economic Development Ad Valorem Tax Exemption, was enacted. This statute authorizes a county or municipality to hold a referendum to determine whether to grant authority for economic development Ad Valorem Tax Exemptions to new and expanding businesses under Section 3, Article VII of the Florida Constitution.
Ordinance No. 3983, approved by City Council on April 22, 2016, set in place the current Ad Valorem Tax Exemption program which sunsets November 6, 2025. The attached resolution, if approved, will authorize staff to prepare a referendum for the March 19, 2024 General Election ballot.
Recommendation
ACTION: (Adopt - Deny) Resolution No. 23-20.