US Laws, Codes, Statutes & Cases

                                  TITLE  63
                             REVENUE AND TAXATION
                                  CHAPTER 16
                             PREPAYMENT OF TAXES
    63-1602.  PETITION FOR PERMISSION TO PREPAY TAXES. In order to minimize
the impact on public facilities as a result of new business operations and to
permit affected taxing districts to use prepaid ad valorem taxes for planning,
construction, expansion, or operation of public facilities, any taxpayer
seeking to prepay ad valorem taxes shall petition the board of county
commissioners in the applicable county. The petition, in addition to such
information as the taxpayer may choose to present, shall contain the
following:
    (a)  A statement that the taxpayer intends to engage or is engaged in new
business operations and that such operations will have an impact on public
facilities in the county;
    (b)  A declaration that the taxpayer has or will have taxable property in
the county and taxing districts during the term of the impact period, which
shall not exceed ten (10) years;
    (c)  A request that the taxpayer be allowed to prepay a portion, but not
to exceed fifty percent (50%) of the estimated ad valorem taxes that will be
due during the first one-half of the term of the impact period, which shall
not exceed ten (10) years; and
    (d)  A request that a local impact committee be organized.