§ 25-122. Board revocation.

Should any business granted an exemption pursuant to this division fail to file the annual renewal statement and/or annual report on or before March 1 of each year the exemption has been granted as required by this division, fail to continue to meet the definition of a new business or an expansion of an existing business, fail to timely inform the board of a change of ownership, fail to file a new application upon any change in the information provided in the original application, fail to fulfill any other representation made to the board during the application process, and/or fail to comply with any other requirement provided for in this division, the board may, upon thirty (30) days' written notice to the respective business, adopt an ordinance revoking the exemption or take such other action with respect to the exemption as it deems appropriate.

(a)

Notification. Upon revocation, the board shall immediately notify the property appraiser.

(b)

Recovery of taxes. If it is determined that a business was not in fact entitled to an exemption in any year for which the business received an exemption, the county, property appraiser or tax collector shall be entitled to recover all taxes not paid as a result of the exemption for such year or years, plus interest at the maximum rate allowed by law, plus all costs of collection, including, without limitation, reasonable attorney's fees.

(c)

Reapplication. Nothing herein shall prohibit a business from reapplying for an ad valorem tax exemption pursuant to state law.

(Ord. No. 2012-05 , § 10, 2-21-12)