What can be financed with Tax-Exempt Industrial Development Revenue Bonds and what benefit does it provide?
Items that can be financed with Tax-Exempt Industrial Development Revenue Bonds include manufacturing facilities, both new and existing, including land, buildings, site work, and new machinery and equipment. Manufacturing is defined as any facility that is used for the production of tangible personal property or is engaged in a process that results in a change in the condition of such property. Typically, any process that results in a change in, or adds value to, raw materials or other products can be considered a “manufacturing process”.
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