Five-Year Exemption for Buildings and Major Renovations Completed Before January 1, 2024 All newly constructed buildings and those structures that undergo major renovations after July 1, 1981, will qualify for a five-year exemption from the business tax rate outlined in Subsection l of this provision. Eligible entities under this exemption will be required to pay a business tax of sixty dollars annually or a fraction thereof for the first thirty-three thousand three hundred thirty-three dollars or less of annual gross receipts. Additionally, they will pay one dollar and eighty cents for each additional one thousand dollars ($1,000.00) of annual gross receipts or a fraction thereof exceeding thirty-three thousand three hundred thirty-three dollars during the five-year exemption period. What is the annual business tax rate for eligible entities during the five-year exemption period? A. $1.80 annually for the first $10,000 of annual gross receipts B. $60 annually for the first $33,333 of annual gross receipts C. $1,000 annually for the first $50,000 of annual gross receipts D. $200 annually for the first $100,000 of annual gross receipts