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Danbury City Council advances tax abatement proposal

The Danbury City Council has advanced a new ordinance that would give an abatement on personal property taxes on information technology.  The ordinance would abate 50-percent of the taxes for a qualified data center.  
City Councilman Paul Rotello wanted the ordinance modified to clarify that the legislative body would have final approval on incentives.  The City's Tax Assessor said they would have that approval. 
The City Council will vote on the proposal at their meeting in July.

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Rich Valdes

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