2004 Senate Bill 1242

Authorize tax abatements for mixed use properties

Introduced in the Senate

May 13, 2004

Introduced by Sen. Laura Toy (R-6)

To authorize local governments to grant “industrial” plant rehabilitation tax abatements for commercial and commercial/residential mixed use dwellings. Recipients of these abatements are selected by the governing bodies of municipalities, and pay lower property taxes than the owners of other commercial or industrial properties which have not been granted abatements.

Referred to the Committee on Commerce and Labor