As of July 1, 2011 all new construction that results in new structures or additional square footage within the
The State law exempts certain projects from paying the tax including:
• | Private school improvements | |
• | Public improvements | |
• | Residential housing that is guaranteed to be affordable | |
• | Public or private hospital improvements | |
• | Religious facilities | |
• | Agricultural buildings |
Background
At the January 11th, 2010 regular session of the
The City of
What does this tax pay for?
The tax pays for school capital improvements including: land acquisition; construction, reconstruction or improvement of school facilities; acquisition or installation of equipment, furnishings or other tangible property; architectural, engineering, legal or similar costs related to capital improvements; or the payment of obligations and related costs of issuance that are issued to finance or refinance capital improvements.
Is your property located within
Who can I contact for more Information?
If you have additional questions, you may contact
Filetype | Description |
---|---|
CET_FAQ.PDF (89.3kb)
Construction Excise Tax - Frequently Asked Questions |
|
CET_EXCEMPTION-APPLICATION.PDF (97.8kb)
Construction Excise Tax - Excemption Application |