A business that conducts business activity within a border city development zone designated under section 469.1731 may qualify for the property tax exemption under section 272.0212 and the sales tax exemption under section 469.1734, subdivision 6 . MS 2000 [Repealed, 1Sp2001 c 5 art 9 s 30 ] During the last three years of the duration of a border city development zone, the available exemptions, subtractions, or credits are reduced by the following percentages for the taxes payable year or the taxable years that begin during: (1) the calendar year that is two years before the final year of designation as a development zone, 25 percent; (2) the calendar year that is immediately before the final year of designation as a development zone, 50 percent; and (3) for the final calendar year of designation as a development zone, 75 percent.
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