Requires local labor for certain real property tax exemptions for business investment and energy systems.
This bill amends the real property tax law to require the use of local labor to qualify for certain real property tax exemptions. Local labor is defined as individuals residing within the economic development region where the business is located. Exemptions are granted if at least 80% of the workforce is local labor. Exceptions are allowed if local labor is not qualified or available, or if specialized construction or installation is required.
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