TAX BREAK FOR BUSINESSES NEGATIVELY IMPACTED

By Bob Katzen

On September 27, 2017, the House approved and sent to the Senate legislation that would allow local cities and towns to reduce by up to 50 percent the property tax on any business that can prove that it was negatively affected by a public works or municipal utility company project. The Senate never acted on the measure and it is still stuck in the Senate Committee on Ways and Means.

Supporters say currently cities and towns can provide a tax break for new or expanding businesses but can offer no relief to a business that is losing customers and money because of things like a multi-year bridge project nearby.

Leave a Reply