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May 24, 2018
Commercial real estate industry secures major wins in 2018 session
The biggest victory was a grand compromise on GPLET (Government Property Lease Excise Tax) reform. A unanimous deal was struck between developers, cities and tax watchdogs on the long-term retention of the 8-year property tax abatement and narrowing the application in the future to a capped land mass contained in a central business district (CBD) within a city. HB2126 passed virtually unanimously [...]
