Pursuant to Article VII, Section 3 of the Constitution of the State of Florida, and
Section 196.1995, Florida Statutes, the county is empowered to grant economic development
ad valorem tax exemptions after the electors of the county, voting on the question
in a referendum, authorize such exemptions. In a referendum held on August 26, 2014,
the voters of Okaloosa County authorized the board to grant economic development ad
valorem tax exemptions to new businesses and expansions of existing businesses for
economic development purposes.
(
Ord. No. 15-11
, § 2, 7-7-15)
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