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Committee advances bill letting local commerce authorities issue tax-free bonds for water, sewer projects
Summary
The Senate Local Government and Taxation Committee voted to send House Bill 171 to the Senate floor with a “do pass” recommendation after Representative Clay Handy described an amendment allowing local commerce or intermodal authorities to use tax-exempt bonding for water and sewer facilities (excluding electricity and broadband).
The Senate Local Government and Taxation Committee voted to send House Bill 171 to the Senate floor with a “do pass” recommendation after Representative Clay Handy, R‑District 27, described an amendment that would let local commerce or intermodal authorities issue tax-exempt bonds to finance certain utility projects.
The bill, Handy said, expands an existing commerce-authority bond program that currently covers land-port facilities, terminals, warehouses and related utility services…
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