Adjustment of annual income limitation

Commencing January 1, 2001, and each January 1 thereafter, the $20,000.00 annual income limitation of this article shall be adjusted annually and applicable as of January 1 of that year. The annual income limitation shall be adjusted by the percentage of change in the average cost-of-living index for the calendar year immediately prior to that year. As used herein "index" shall be the average of the monthly consumer-price index figures for the stated period, for the United States as a whole, issued by the United States Department of Labor.

(Ord. No. 11847, § 2, 10-26-99)

Secs. 56-91—56-110. - Reserved.

ARTICLE V. - AD VALOREM TAX EXEMPTION FOR ENTERPRISE ZONE BUSINESSES[4]

Footnotes: --- (4) ---

Editor's note— Ord. No. 13911, § 2, adopted July 9, 2020, amended article V in its entirety to read as herein set out. Formerly, article V, sections 56-110—56-122 pertained to similar subject matter, and derived from Ord. No. 12308, § 2, adopted December 12, 2002; Ord. No. 12814, § 2, adopted June 22, 2006; Ord. No. 12913, § 1, adopted May 10, 2007, and Ord. No. 13841, § 2, adopted May 23, 2019.