Effective - 28 Aug 2014
135.980. No restriction by ballot permitted for certain businesses with NAIC code — expiration date. — 1. As used in this section, the following terms shall mean:
(1) "NAICS", the classification provided by the most recent edition of the North American Industry Classification System as prepared by the Executive Office of the President, Office of Management and Budget;
(2) "Public financial incentive", any economic or financial incentive offered including:
(a) Any tax reduction, credit, forgiveness, abatement, subsidy, or other tax-relieving measure;
(b) Any tax increment financing or similar financial arrangement;
(c) Any monetary or nonmonetary benefit related to any bond, loan, or similar financial arrangement;
(d) Any reduction, credit, forgiveness, abatement, subsidy, or other relief related to any bond, loan, or similar financial arrangement; and
(e) The ability to form, own, direct, or receive any economic or financial benefit from any special taxation district.
2. No city not within a county shall by ballot measure impose any restriction on any public financial incentive authorized by statute for a business with a NAICS code of 212111.
3. The provisions of this section shall expire on December 31, 2017.
--------
(L. 2014 S.B. 672)
Expires 12-31-17