Sec. 130-523. Incentives; limitations.
(a) The city may negotiate and enter into an agreement with any taxpayer eligible to apply for and receive an incentive under the new job reward program, which agreement or any amendment thereto may provide for a rebate of the following taxes levied by the City as an incentive to the creation of jobs by such taxpayer:
(1) For a period not to exceed 36 months from the date upon which the taxpayer creates jobs that meet the criteria established by subsection (c) of this section, up to and including 50 percent of the revenues produced by the levy of city use tax upon the taxpayer or any contractor, subcontractor, or supplier for the materials used in the construction or improvement of any building or other structure for the taxpayer's business made necessary as the result of the creation of jobs; provided that, for purposes of this subsection (a)(1), "city use tax" shall exclude the .25 percent use tax dedicated to increased staffing of the city police department and operation and maintenance of the city detention facility;
(2) For a period not to exceed 36 months from the date upon which the taxpayer creates jobs that meet the criteria established by subsection (c) of this section, up to and including 50 percent of any additional revenues produced by the general levy of city property tax upon the taxable real and personal property located within the city and used in connection with the operation of the taxpayer's business that may reasonably be attributed to the creation of jobs; and
(3) For a period not to exceed 24 months from the date upon which the taxpayer creates jobs that meet the criteria established by subsection (c) of this section, up to and including 100 percent of the revenues produced by the levy of city employer occupational privilege tax upon the taxpayer for the new jobs created by the taxpayer; and
(4) For a period not to exceed 24 months from the date upon which the taxpayer creates jobs that meet the criteria established by subsection (c) of this section, up to and including 100 percent of the revenues produced by the levy of employee occupational privilege tax upon the taxpayer's new employees.
(b) A taxpayer shall be eligible to receive a one-time payment of up to and including $500.00 for each new employee to assist in defraying the costs incurred by the taxpayer to support such new employee, including, but not limited to, the provision of supplemental education and/or on-the-job training and the purchase or acquisition of furniture and equipment.
(c) In order to receive an incentive as provided for in this section, a taxpayer shall create no fewer than two new jobs in the City by December 31, 2016, which jobs shall meet each of the following criteria:
(1) Each job created shall be of a full-time and permanent nature. No incentive shall be given for the creation of part-time and/or temporary jobs;
(2) Each job created shall result in the expansion of the taxpayer's existing workforce. For purposes of determining whether the taxpayer is eligible to receive an incentive, the total number of jobs created shall be offset by any resignations, dismissals, lay-offs, retirements, and other workforce reductions that occur within the same period;
(3) Each job created shall be new to the City. No incentive shall be given for the relocation of existing jobs from one facility within the City to another; and
(4) Each job created shall be at a salary that is equal to or greater than $35,000.00 per year, exclusive of benefits.
(d) In no event shall the total aggregate amount of any incentives provided to a single taxpayer pursuant to subsections (a) and (b) of this section exceed $5,000.00 per job created per year, up to a maximum of 20 jobs per year.
(e) No incentive payment shall be made by the city hereunder unless and until the taxpayer has met each of the criteria set forth in subsection (c) of this section.
(f) Notwithstanding any provision of this section to the contrary, any city use tax, employer occupational privilege tax, or employee occupational privilege tax rebated hereunder shall be paid in equal annual installments over a two-year period.
(g) Notwithstanding any provision of this section to the contrary, no incentive shall be provided hereunder to any taxpayer that:
(1) Receives, or whose business is located within a retail project that has received, an incentive from the city pursuant to the provisions of article II, division 7 of this chapter;
(2) Receives an incentive from the city pursuant to the provisions of article II, division 8 of this chapter;
(3) Whose business is located within an urban renewal area within which tax increment revenues attributable to the levy of city use tax, employer occupational privilege tax, or employee occupational privilege tax, or the general levy of city property tax are being used by the Aurora Urban Renewal Authority to finance urban renewal projects and activities; or
(4) Is engaged in the business of cultivating, manufacturing, distributing, or selling medical marijuana. (Ord. No. 2014-02, § 1, 1-13-2014; Ord. No. 2012-07, § 2, 3-5-2012; Ord. No. 2010-34, §§ 1, 2, 9-27-2010; Ord. No. 2010-22, § 1, 5-17-2010)