The Montgomery County Council on Tuesday passed a bill that proponents say will create jobs but critics fear will take away much-needed funding from schools and roads. Co-sponsored by seven council members, the bill allows developers to wait to pay taxes until they have completed their projects.
“It’s very difficult for investors to put money towards projects when they’re having to use their investment capital to pay taxes up front,” said Councilman Hans Riemer, D-at large, who introduced the bill.
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