Legislators revised the 2005 green construction law in 2007after discovering that it would result in some $900 million insales and property tax breaks. The new law reduces the tax breaksby approximately half.
Prior to the subcommittee's approval, there was debate whetherthe companies should meet the new standards under the 2007legislation. Ultimately it was decided that since some companies'projects were previously approved by the state Tax Commission underthe more generous 2005 legislation, those companies should be ableto obtain the breaks outlined in the earlier legislation.
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