Sarasota County, Florida Notes to Financial Statements September 30, 2022 NOTE 16. TAX ABATEMENT Sarasota County has entered into certain agreements that involve tax abatements authorized by Article VII, Section 3 of the Constitution of the State of Florida, and, Section 196.1995 Florida Statutes. The following table outlines the key information regarding the entities involved and the type and amount of taxes abated during the fiscal year ended September 30, 2022. Contracted Entity Abatement Program Type of Tax Abated Amount of Tax Abated Commitment By Contracted Entity Harmar Exemption Ad Valorem 34 $ Facility Expansion Codeware, Inc. Exemption Ad Valorem 19,038 $ Facility Expansion King Plastic Corporation Exemption Ad Valorem 2,300 $ Facility Expansion Millennium Coatings, LLC Exemption Ad Valorem $ 7,575 Construction of a New Facility . Ad Valorem 29,110 $ Facility Expansion Exemption PGT Industries 155
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