HomeMy WebLinkAbout1995-02-20-Ordinance 2199_Industrial Property Tax Credit---.------------------,---------q-,
r ORDINANCE NO.2199
AN ORDINANCE TO AMEND CHAPTER 215,WAUKEE MUNICIPAL CODE,
PROVIDING FOR INDUSTRIAL PROPERTY TAX CREDITS FOR QUALIFIED NEW
INDUSTRIAL CONSTRUCTION,SECTION 215.2,PARTIAL EXEMPTION FROM
TAXATION,BY EXEMPTING THEREFROM PROPERTY WITHIN ANY URBAN
RENEWAL AREA OF THE CITY OF WAUKEE,IOWA,AND PROHIBITING SUCH
PROPERTY FROM RECEIVING ANY OTHER FORM OF TAX ADJUSTMENT,
ABATEMENT,RELIEF,OR INCREMENT.
BE IT ORDAINED by the Council of the City of Waukee:
Section 1.Section 215.2 of Chapter 215,Waukee Municipal
Code,Partial Exemption from Taxation,is amended by deleting the
last sentence thereof,and inserting in lieu thereof the
following:
Provided,however,no exemption or partial exemption
from taxation shall be granted as to any property
within any urban renewal area of the City of Waukee;
and if any exemption or partial exemption has been
granted to such property,no other tax adjustment,
abatement,relief,or increment shall be granted;
so that the section shall read:
§215.2.Partial Exemption from Taxation.The City of
Waukee,Iowa,hereby provides for a partial tax exemption from
property taxation of the actual value added to industrial real
estate by the new construction of industrial real estate and the
acquisition of or improvement to machinery and equipment as
assessed as real estate pursuant to Iowa Code Section
427A.1(1)(e),Code of Iowa.This provision shall be sUbject to
the definitions and requirements set forth in House File 650,
Acts of the 68th General Assembly,1979 Regular Session of the
State of Iowa.Provided,however,no exemption or partial
exemption from taxation shall be granted as to any property
within any urban renewal area of the City of Waukee;and if any
exemption or partial exemption has been granted to such property,
no other tax adjustment,abatement,relief,or increment shall be
granted;
Section 2.Repealer.All ordinances or parts of ordinances
in conflict with the provisions of this ordinance are hereby
repealed.
Section 3.Severability Clause.If any section,provision
or part of this ordinance shall be adjudged invalid or
unconstitutional,such adjudication shall not affect the validity
of the ordinance as a whole or any section,provision,or part
thereof not adjudged invalid or unconstitutional.
Section 4.
effect upon its
provided by law.
Effective Date.
final passage,
Passed by the City
day of February,
Attested:
Kurt A.Rueckel
City Clerk
Council
1995,
1995.
This ordinance shall be in
approval and publication as
of the City of Waukee,Iowa,this 20th
and approved this day of
Claire L.Chedester
MAY 0 R