§ 98-194. Definitions.

[The following words, terms and phrases, when used in this article, shall have the meanings ascribed to them in this section, except where the context clearly indicates a different meaning:]

Applicant . Any person, firm, partnership, or corporation who files an application with the board seeking an economic development ad valorem tax exemption.

Agreement . The tax exemption agreement between the city and the applicant.

Business . Any activity engaged in by any person, firm, partnership, corporation, or other business organization or entity, with the object of private or public gain, benefit, or advantage, either direct or indirect.

City . The City of West Palm Beach, Florida.

City commission . The City Commission of the City of West Palm Beach, Florida.

Department . The Florida Department of Revenue.

Enterprise zone . As defined in F.S. § 196.012.

Exemption agreement . A written agreement entered into between the city and an applicant receiving an exemption pursuant to this article.

Expansion of an existing business . As defined in F.S. § 196.012 as may be amended.

Goods . All personalty when purchased primarily for personal, family, or household use, but not including personalty sold for commercial or industrial use.

Grantee . An individual, firm or corporation whose application has been approved.

Improvements . Physical changes made to real property consisting of structures or other improvements placed on or under the land surface.

New business . As defined in F.S. § 196.012 as may be amended.

Real property . As defined in F.S. § 196.012 as may be amended.

Retail operation . A business regularly engaged in, and whose business consists to a substantial extent of, selling goods to a buyer, not principally for the purpose of resale.

Sales factor . As primarily defined in F.S. § 220.15(5).

Tangible personal property . As defined in F.S. § 196.012 as may be amended.

(Ord. No. 4686-16, § 4, 2-27-2016)