Property tax rebate for businesses in enterprise zones

Where a property tax rebate has been authorized by council resolution pursuant to § 31-1.2 or 31-1.3 , upon proper application, any owner of a qualified business located within the enterprise zone delineated in the council resolution who owned the property used by that business on the date of the business’s first certification by the State pursuant to HRS Chapter 209E shall be entitled to a rebate from the city as set forth in the resolution. A claim for a real property tax rebate may be filed for excess taxes paid during a tax year at any time during the succeeding tax year only, except where the council has approved retroactive application of incentives as provided for in § 31-1.4 (d). The first claim for a rebate shall be made during the tax year when the rebate is first available to the qualified business; the claim for retroactive application of an incentive shall be made during the first tax year after council authorization of the retroactive application. The rebate shall apply to real property which is held by the qualified business within the enterprise zone, as delineated in the council resolution, and which is used for the activities of the qualified business.