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This referendum will appear on the January 31, 2012 Presidential Preference Primary Election ballot. All registered voters in Orange County are eligible to vote on this nonpartisan issue. If approved, the program will authorize the County to grant qualifying businesses a temporary County property tax exemption of up to 100% on new capital improvement and/or equipment purchases for up to 10 years. This incentive will have no impact on what the company is currently paying in County taxes on existing land, buildings, infrastructure and equipment. Targeted industries include biomedical and life sciences, aviation and aerospace, homeland security and defense, logistics, financial and professional services, Cleantech, Infotech, and other emerging business sectors. Other industries may qualify if located in designated economic development areas.
For additional information click on the attached file:
