1. 1. As used in this section, the following terms shall mean:

   1. (1) "NAICS", the classification provided by the most recent edition of the North American Industry Classification System as prepared by the Executive Office of the President, Office of Management and Budget;

   2. (2) "Public financial incentive", any economic or financial incentive offered including:

      1. (a) Any tax reduction, credit, forgiveness, abatement, subsidy, or other tax-relieving measure;
      2. (b) Any tax increment financing or similar financial arrangement;
      3. (c) Any monetary or nonmonetary benefit related to any bond, loan, or similar financial arrangement;
      4. (d) Any reduction, credit, forgiveness, abatement, subsidy, or other relief related to any bond, loan, or similar financial arrangement; and
      5. (e) The ability to form, own, direct, or receive any economic or financial benefit from any special taxation district.
2. 2. No city not within a county shall by ballot measure impose any restriction on any public financial incentive authorized by statute for a business with a NAICS code of 212111.
3. 3. The provisions of this section shall expire on December 31, 2017.

(L. 2014 S.B. 672)

Expires 12-31-17