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

 

Attorney General Opinions

 

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

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