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Bill would let counties offer tax credits to convert abandoned gas stations; members raise cleanup-cost concerns
Summary
Delegate Sheila Ruth said HB 161 allows counties to authorize tax credits to encourage conversion of shuttered gas stations, but members warned that underground storage-tank removal and remediation can cost tens of thousands to millions, and the bill no longer guarantees state reimbursement.
Delegate Sheila Ruth told the Ways and Means Committee HB 161 would authorize counties and municipalities to create a local tax credit to encourage conversions of shuttered gas stations into other uses by offsetting cleanup or redevelopment costs.
Ruth described the problem of abandoned stations with underground storage tanks that require removal and environmental remediation before conversion. She said the version…
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