Taver Cornett, Economic Development Coordinator
120 South Florida Avenue
DeLand, Fl 32720
386-626-7021
cornettt@deland.org

The City Commission must receive, evaluate and adopt an ordinance allowing the Future Tax Abatement prior to any construction associated with the newer expanded business.

These general and flexible guidelines are used in deliberation of tax abatement applications. The City Commission, being the approval authority for tax abatement, will exercise wide discretion in evaluating each application, on a case-by-case basis, and under other applicable criteria found in the State of Florida Statutes.

1. Manufacturing
   a) Minimum full-time Employees …………………10
   b) Qualified Manufacturers (F.S. 196.012
   c) Maximum Years of Abatement …………………10
   d) Qualified Wage Scale
      1. $9.08 per hour …….50%
      2. $11.94 per hour …….75%
      3. $14.92 per hour …..100%

2. Corporate Offices with 50 Employees
   a) Minimum Full-Time Employees ………………..50
   b) Qualified Offices (F.S. 196.012)
   c) Maximum Years of Abatement …………………10
   d) Qualified Wage Scale
      1. $9.08 per hour …….50%
      2. $11.94 per hour …….75%
      3. $14.92 per hour …..100%

3. All Other Business in accordance with F.S. 220.15(5)).
   a) Minimum Full-Time Employees ……………….25
   b) Qualified Businesses (F.S. 196.012)\
   c) Maximum Years of Abatement ………………...10
   d) Qualified Wage Scale
      1. $9.08 per hour …….50%
      2. $11.94 per hour …….75%
      3. $14.92 per hour …..100%

All tax abatement will include both real property and personal property for new or expanded businesses, which qualify in the categories above. Land value, by statute, will not be abated.

On, or before, November 1 of each year a report will be submitted by the abated business to the City's Finance Director summarizing the number of employees and wage scale for those employees who were added to the payroll from the date the Ordinance was adopted providing for tax abatement. These annual reports will be reviewed by the City to insure that the minimum criteria, for which the company received tax abatement, still exists. A copy of that report will be presented to the City Commission for renewal/approval each year. The City reserves the right to audit the records of any company receiving tax abatement to insure the minimum criteria which the abatement was granted is being met each year.

For application, please contact: Taver Cornett, Economic Development Coordinator at 386-626-7021