Geoff dornan
Appeal Capitol Bureau

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May 3, 2007
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Assembly halts tax breaks for 'green' business buildings

Amid conflicting reports whether Gov. Jim Gibbons will veto the bill, the Assembly unanimously joined the Senate on Thursday in suspending the law allowing major sales and property tax breaks for businesses that construct energy efficient buildings.

The tax breaks were created during the 2005 special session to encourage businesses to build efficient "green" buildings. Businesses that qualify are exempted from all but the base 2 percent of sales taxes on construction materials and fittings. They also get a property tax break of up to 50 percent for 10 years.

But no one considered the potential impact to state and …

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The Nevada Appeal Updated May 3, 2007 03:19PM Published May 3, 2007 03:00AM Copyright 2007 The Nevada Appeal. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.