10-45B-1.1 New business facility defined.
New business facility defined.
For the purposes of this chapter, the term, new
business facility, means a new building or structure or the expansion of an existing building or
structure, including a power generation facility, the construction of which is subject to the
contractor's excise tax pursuant to chapter 10-46A or 10-46B. A new business facility does not
include any building or structure:
Used predominantly for the sale of products at retail, other than the sale of electricity at
retail, to individual consumers;
Used predominantly for residential housing or transient lodging;
Used predominantly to provide health care services; or
That is not subject to ad valorem real property taxation or equivalent taxes measured by
SL 2005, ch 78, § 2; SL 2005, ch 80, § 1.