Lee County considers tax moratorium


  • By
  • | 2:59 p.m. February 6, 2013
  • | 2 Free Articles Remaining!
  • Charlotte–Lee–Collier
  • Share

FORT MYERS — Lee County commissioners have scheduled a Feb. 12 final hearing to consider suspending taxes on new construction for two years to help boost the economic recovery.

The move would give Lee County an edge over other other Florida counties that continue to levy taxes on new construction, also known as “impact fees.” Counties levy this tax on new construction to help pay for roads, but the lack of building activity in recent years has lessened this source of revenue. Currently, the tax generates about $8 million a year for Lee County, a relatively small amount considering the high cost of road building.

Lee County commissioners Larry Kiker and Cecil Pendergrass have voiced support for the moratorium. A third commissioner will be needed to pass the measure in the five-seat commission.

Building industry trade groups have actively lobbied for years to urge commissioners to suspend or eliminate this tax. They are expected to appear at the Feb. 12 meeting to voice their support for the moratorium.

 

Latest News

Sponsored Content