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HomeMy WebLinkAbout132 - 11/03/2015 - AMENDING SECTION 25-65 OF CITY CODE TO CHANGE THE APPLICATION FILING DEADLINE FOR THE CITY'S MANUFAC ORDINANCE NO. 132, 2015 OF THE COUNCIL OF THE CITY OF FORT COLLINS AMENDING SECTION 25-65 OF THE CODE OF THE CITY OF FORT COLLINS TO CHANGE THE APPLICATION FILING DEADLINE FOR THE CITY'S MANUFACTURING EQUIPMENT USE TAX REBATE PROGRAM WHEREAS, in 2007 the City of Fort Collins established in Division 5 of Article II of Chapter 25 of the Fort Collins Municipal Code a program to rebate the City's use tax imposed on manufacturing equipment to qualifying manufacturers (the "Rebate Program"); and WHEREAS, Code Section 25-65 currently requires that manufactures applying for a use tax rebate under the Rebate Program must file their application with the City no later than December 3 1"of each year; and WHEREAS, this late filing deadline has caused delays in the City paying the requested rebates to manufacturers and staff is recommending that the filing deadline be changed to June 301h of each year to help eliminate these delays; and WHEREAS, this Ordinance amends Code Section 25-65 to change this deadline from December 31s`of each year to June 301h of each year. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS that Section 25-65 of the Code of the City of Fort Collins is hereby amended to read as follows: Sec. 25-65. Application for rebate. Application for the manufacturing equipment use tax rebate on qualifying manufacturing equipment shall be made on forms to be provided by the City. In order to qualify for such rebate, the application must be filed by June 30th of the year following the year in which the use taxes for which a rebate is requested were paid. Only one (1) application shall be filed per qualifying manufacturer. Introduced, considered favorably on first reading, and ordered published this 20th day of October, A.D. 2015, and to be presented for final passage on the 3rd day of November, A.D. 2015. , Mayor ATTEST: a)6Uj2 City Clerk - 1 - Passed and adopted on final reading on this 3rd day of November, A.D. 2015. OF ....FORT, - • 0 SEAL : Mayor ATTEST: •. ck 0 RA00 Vv v V City Clerk - 2 -