4.25.030 Community development tax incentive program.
This section is included in your selections.
(a) A reduced tax rate shall be awarded to certain fisheries for the purpose of encouraging deliveries to St. Paul, or to future new business enterprises for the purpose of encouraging growth in that business and opportunities for St. Paul.
(b) The tax incentive program for seafood shall reduce the tax rate by one and one-half percent for the following:
(1) Bairdi: all shares.
(2) St. Matthew Island Blue King: all shares.
(3) Bristol Bay Red King Crab: B, C, CP and CDQ shares.
(4) Pribilof Red King Crab: B, C, CP and CDQ shares.
(5) Pribilof Blue King Crab: B, C, CP and CDQ shares.
(6) Opilio: B, C, CP and CDQ shares.
(c) Reserved for future revision per City Council recommendation. [Ord. 19-06 § 2, 2019.]