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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.

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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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The five projects who applied under the earlier legislation areCityCenter, the $7-billion mixed-use project by MG Mirage; the$2.9-billion Fontainebleau project by Jeffrey Soffer, who alsoheads the Turnberry group of companies; Las Vegas Sands Corp.'s$2-billion Palazzo project; Echelon Place, Boyd Gamin's $4-billionproject; and Molasky Corporate Center, an office project inDowntown Las Vegas by the Molasky Group of Companies. The state'sEnergy Office still must certify that a project has met "green"standards and therefore qualifies for the tax breaks.

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