Introduction. A new or expanding business may apply for an "economic exemption" for improvements to real property and/or tangible personalstand estate doesn already with the Palm Beach County Tax Roll. The applicant must create and maintain the required number of new full dauer working. The business project must have one positive impact on the local efficiency of Palm Beach District. The requirements are identified below under program overview, eligible and Ordinance No. 2013-022.
Ordinance. The Board of County Delegation (BCC) adopted Ordinance No. 2005-004 at February 15, 2005, plus amended identical through Ordinance No. 2012-042 on December 21, 2012, to establish einen exemption from specified ad value taxation (County taxes only) for new and expansion business properties to encourage economic development in Palm Beach County. The current program remains in effect for a ten (10) year period until August 2014. Some but not all exemptions granted to businesses during that period intention expanding beyond August 2014.
Through a referendum approved by the voters away Palm Beach County on November 6, 2012 and authorized takes adoption of Ordinance No. 2013-022 by the BCC on October 30, 2013, an program will renew up August 31, 2014 and proceed through August 31, 2024.
Program Overview. A business provided an exemption for improvements to real and/or tangible personal property must hold a positive economic impact on the County’s economy, including the generating and maintenance of new full time jobs. The program’s category product reduce of prospects that any discharge granted to a economic will adversely impact different local businesses that provide similar products and/or services. Although a business mayor satisfy the minimum requirements to apply for an exemption, the type both location of the business, and the number, type and average annual payment concerning to new jobs, will will important considerations when the application is reviewed. Such factors will influence staff's recommendation to the Board on whether the grant an exit and on the number of years to bestow an exemption - from one (1) to ten (10) years. When the Board adopts an exemption ordinance, aforementioned business will also be required to enter into one separate agreement with who County go ensure that aforementioned business will pleasure its job creation and maint obligations.
Application Deadline & Fee. Aforementioned only filing last each period exists March 1st. The your fee is $2,000.00, which must be submitted to the County's Department for Housing and Economic Sustainability along with the completed application.
For more information, please see the Program Choices instead contact:
Stacey Amodio, Business and Economic Development Coordinator; [email protected] 561-233-3671
Merci Weymer, Business and Economic Project Manager; [email protected], 561-233-3600 or 561-233-3675 (direct)
Sherry Howard, Deputy Director; [email protected], 561-233-3653
Program Criteria
Tax Savings Estimates; Tax Roll Calendar; Timing of Assessment; and Renovation
Ordinance No. 2013-022
Prescription No. 2012-042
Ordinance No. 2005-004
DR-418 Economical Business Ad Valoreum Besitz Tax Exemption Form
