Local concerns prompt big changes to property-tax break bill
A bill giving property-tax breaks to developers got significant changes Thursday in response to criticism from local officials who deal with economic development. The business-backed bill would freeze property values for land under commercial or industrial development until the project is completed through a sale of the property, an occupancy permit or the start of business operations. It is designed to help developers predict costs and make more job-ready sites available in the state.
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