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Commerce and economic-development groups defend sales-tax exemptions as a tool for big projects
Summary
Business and Commerce witnesses told a legislative committee that sales-and-use tax exemptions are a scalable, low-risk tool for attracting major capital projects; staff will follow up with data requests about reapplications, durations and which firms remain on incentives.
During an interim session of the Tax Reform Relief Advisory Committee, economic-development representatives and the Department of Commerce presented the case for continuing sales-and-use tax exemptions for capital projects.
Matt Marshall of the Economic Development Association of North Dakota told members the exemption ‘‘is sometimes the most effective thing that can help move a business from making an investment or not’’ and urged lawmakers to keep current incentives unchanged. Marshall said sales-tax exemptions lower the risk profile for transformative…
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