Sussex County Council approves one-time tax credit
Property owners in Sussex County are enjoying the idea of a little extra change in their pockets after the Sussex County Council voted to spend any remaining surplus on a one-time tax credit.
The size of the surplus or tax break isn’t known, but preliminary estimates say it could be as much as $1.3 million. By law, 10 percent of any surplus must be devoted to land preservation, while $136,000 will also be paid out in grants to nonprofits and towns.
Some council members argued that the county shouldn’t keep the money, while others were hesitant to vote in favor of a tax credit when it wasn’t clear how big the surplus was going to be.
Last year, the county voted to set aside nearly $92,000 of its surplus to restore cuts made to local fire company grants.
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