[§209E-13]  Termination of enterprise zone. 
Upon designation of an area as an enterprise zone, the proposals for regulatory
flexibility, tax incentives, and other public incentives specified in this
chapter shall be binding upon the county governing body to the extent and for
the period of time specified in the application for zone designation.  If the
county governing body is unable or unwilling to provide any of the incentives
set forth in section 209E-12 or other incentives acceptable to the department,
the enterprise zone shall terminate.  Qualified businesses located in the
enterprise zone shall be eligible to receive the state tax incentives provided
by this chapter even though the zone designation has terminated.  No business
may become a qualified business after the date of zone termination.  The county
governing body may amend its application with the approval of the department;
provided the county governing body proposes an incentive equal to or superior
to the unamended application. [L 1986, c 78, pt of §1]



 



Attorney General Opinions



 



  Qualified businesses
located in new enterprise zone (EZ) would be eligible for state tax incentives
for seven-year period set forth in §§209E-10(a) and 209E-11, although a portion
of that seven-year period extended beyond new EZ's five-year sunset date.  Att.
Gen. Op. 98-1.



  Where new enterprise
zone (EZ) was created legislatively by Act 262, L 1997, the Act did not require
city and county to offer county-level incentives to qualified businesses in the
new EZ.  Att. Gen. Op. 98-1.