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DEC-19-2002 14:57 ROSEVILLE-COMM-DEV 6514902931 P.21/27 <br /> 469.1813 <br /> Subd. 6a. Deferment payment schedule. When the tax is 3 <br /> deferred and the interest and penalty abated, the political subdivision must <br /> set a schedule for repayments. The deferred payment must be Included <br /> with the current taxes due and payable in the years the deferred payments I <br /> are due and payable and must be levied accordingly. <br /> Subd. 6b. Extended duration limit. (a) Notwithstanding the <br /> provisions of subdivision 6, a political subdivision may grant an abatement <br /> for a period of up to 20 years, if the abatement is for a qualified business, <br /> (b) To be a qualified business for purposes of this subdivision, at <br /> least 50 percent of the payroll of the operations of the business that qualify •.] <br /> • for the'abatement must be for employees engaged in one of the following <br /> lines of business or any combination of them: <br /> (1) manufacturing; <br /> (2) agricultural processing; <br /> (3) mining; <br /> (4) research and development; <br /> (5)warehousing; or <br /> (6) qualified high technology. <br /> .111 <br /> (c) (1) "Manufacturing" means the material staging and production <br /> of tangible personal property by procedures commonly regarded as I <br /> manufacturing, processing, fabrication, or assembling which changes <br /> • some existing material into new shapes, new qualities, or new <br /> 6 Kress Monroe, PA. <br />