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Lamar council opens discussion on trimming multi-family tax abatement to five years pending housing study
Summary
A council member proposed cutting the citys seven-year urban revitalization exemption for multi-family housing to five years; staff said a state change removed school taxes from the exemption and a housing study beginning immediately will inform any decision.
A council member asked the Lamar City Council to open discussion on reducing the city's seven-year urban revitalization tax exemption for multi-family housing to five years, saying the change should be considered given several apartment projects under way.
"I wanna open discussions on backing that up to 5," the council member said, citing a desire to reassess the incentive while…
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