Bill offers tax credit for ‘green’ construction

Published



During the Montgomery County Council’s last meeting before the Sept. 12 primary elections, Council Member Nancy Floreen introduced a bill to provide a tax credit to developers that construct “green” buildings.

Green buildings are those that the U.S. Green Building Council’s standards for environmentally and socially responsible, healthy and economically viable buildings. The legislation stipulates buildings that attain the Silver certification could chose either a 50 percent property tax credit annually for five years ora 25 percent credit annually for 10 years.

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