Chapter 75 FINANCE AND TAXATION.

75-51    ENTERPRISE ZONE - STATEMENT OF PURPOSE

The Virginia Enterprise Zone Act, Section 59.1-270 et seq of the Code of Virginia, as amended, authorizes the Town of Front Royal to make written application to the Department of Housing and Community Development for the declaration of an area within the corporate limits as an enterprise zone.  It is the purpose of the Enterprise Zone Act, and of this Article, to stimulate business and industrial growth within the area so designated as the Front Royal Enterprise Zone by means of state income tax credits, state sales tax exemptions and local incentives more particularly set forth herein.