As the deadline of the 20 year tax exemption looms ever closer, the number of building permits soar. In June 2009 the number of building permits issued was almost four times the amount issued over the same period in 2008 and amounted to $550 million. According to the Comptroller General this significant increase in building permits issued is not entirely, but is largely due to the 20 year tax exemption.
This trend of rushing at the last minute to get the permits before the deadline has been repeated year on year for the preceding decade, with each administration extending the deadline through their respective terms, however to date no such notification has been received from the Martinelli administration.