GeneX Solar tells Decatur County it will guarantee a 30% tax valuation floor for proposed project
Company representatives presented a draft economic-development offer to commissioners and said the proposal includes a voluntary 30% valuation floor to protect county tax revenue if state rules on equipment depreciation change.
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GeneX Solar representatives told Decatur County commissioners on July 7 that the company’s proposed solar project would include an economic-development offer that voluntarily preserves a 30% valuation floor for property taxes, a measure the company said would protect county revenues if state depreciation rules change.
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