LGC 13.8 - Tax Holidays for the Energy Industry - STATUTE

[GM Team Member and Deputy PPT WB]

Tax holidays for the energy industry

Due to the need to rebuild the region's energy-bearing infrastructure in order to redirect it from the South to Fremont, all oil, gas and electric companies registered and operating in the Lincoln region are exempt from all regional taxes, including property and carbon taxes.

The act is valid from June 1, 2023 to JuneJanuary 1, 2024 inclusive.

Amendment to make this more temporary.

[GM Team Member and Deputy PPT WB]

Looks good.

I do think temporary tax relief, as painful as it may feel to do it, may be necessary to prevent our energy prices from soaring to the point that a majority of Lincoln residents may find themselves unable to afford it.

[GM Team Member and Deputy PPT WB]

Aye