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The value of new construction of industrial/manufacturing facilities qualifying under this chapter will be exempt from ad valorem property taxation for 10 successive years beginning January 1st of the year immediately following the calendar year of issuance of the certificate of exemption or until such time as the exemption expires under RCW 84.25.040 or is canceled by the owner or city under RCW 84.25.130, whichever occurs sooner. (Added by Amended Ord. 16-011, Mar. 23, 2016, Eff date Mar. 30, 2016).