Sentences with phrase «abatement on»

This leaves a potentially cost - effective source of GHG abatement on the table, one that complements and reinforces other GHG reduction efforts.

Taxpayers may request a penalty abatement on the basis of 1) an administrative waiver (i.e. bad advice from a tax practitioner), 2) reasonable cause (i.e. a death in the family), or 3) an IRS error.

OCOS has developed and presented a broad revenue - raising proposal that also would end a 10 - year tax abatement on value generated through new construction, and stop a coming decrease in the city's business tax rate.

Not exact matches

Better still for Nevada, the two sides seemed to have reached agreement on the crucial provisions: a generous 20 - year package of 100 % tax abatements, conditioned on specific levels of investment and job creation.

Tesla would get $ 1.1 billion in abatements: 20 years without paying sales tax on equipment and construction materials (worth $ 725.8 million), 10 years without property taxes ($ 349 million), and a 10 - year break on payroll taxes ($ 29.4 million).

The conversation was charged as panelists sparred on 421a, with Pinsky — the former head of the city's Economic Development Corporation — raising questions about the cost of lengthy tax abatements.

(Only Philadelphia matches its record on congestion abatement.)

Withdrawals from tax - deferred accounts are taxable income, and can trigger a huge hit on your Social Security Income, and finally (d) income management for ancillary benefits in retirement such as various localities» property tax abatements for seniors of sufficiently low income.

A decline in the holdings of physically backed gold ETFs would be a stronger indication of an abatement of the bull market in gold were it not for the fact that these holdings have been on the decline since last summer.

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Legislative leaders, meanwhile, have been hesitant in speaking with reporters, even when it comes to providing routine updates on a variety of issues due to expire in the coming days, including rent control for New York City as well as the 421a tax abatement.

Cuomo has been sympathetic to the AFL - CIO's concerns raised over the provision, but did not take an official stance himself on how he would like the abatement changed.

Amid the arrests and indictments last year of the top legislative leaders, Cuomo and the Legislature essentially punted on whether to renew the tax abatement coveted by the well - heeled real - estate industry, which has given lavishly to campaigns in recent years.

The abatement expired in January after developers and private - sector labor groups could not reach an agreement on renewal.

As Democratic Mayor Bill de Blasio continues to push for his version of the renewal of the 421a tax abatement, Assembly Speaker Carl Heastie on Tuesday reiterated the support of his conference for a prevailing wage component.

It has strong positions on several issues sunsetting in June, including the 421a and J - 51 tax abatement programs as well as rent control in New York City, which developers oppose expanding.

Ballinger says he was on the front lines of major contracts between NYCHA and independent contractors, supposed to be doing work, like replacing boilers, replacing roofs, and abatement of lead mold and asbestos.

Policy agendas for important issues like the 421a tax abatement and New York City rent laws are being set by publicly elected leaders who have become dependent on the real estate industry's onslaught of millions of dollars in campaign contributions.

The measure comes after the abatement earlier this year lapsed, when real - estate developers and construction labor leaders couldn't reach an agreement on a prevailing wage component in the measure.

Residential building rose sharply in the first quarter in New York City after agreement was reached on a new property tax abatement to replace one that expired last year.

The relationship between Cuomo and de Blasio publicly had been one in which the two men carefully sought to avoid any on - the - record critiques, even as the governor was seen as purposefully undermining the mayor on key issues such as an Atlantic Yards land deal, the terms of extending the 421a tax abatement, mayoral control of New York City schools, universal pre-Kindergarten and a city - wide increase in the minimum wage.

This makes sense, because the state can make them rich with tax abatements, economic development aid, and regulations on rent.

The abatement would continue for an additional three and a half years if the Building Trades Council and the Real Estate Board of New York, representing developers, could reach a deal on new pay floors.

The key changes to the abatement — from the version that expired in 2016 — include wage requirements for construction workers on certain projects and a 35 - year break from property taxes (up from 25) on large projects that pay these wages.

Gov. Andrew Cuomo, Assembly Speaker Carl Heastie and State Senate Majority Leader John Flanagan today debuted the «framework» of a deal that will extend the city's rent regulations and the controversial 421a tax abatement for six months — with some tweaks to the former, and potential for the latter to last through 2019 if the real estate industry and labor reach an agreement on construction wages.

Mr. Skelos went on to vote favorably to the real estate industry on rent regulations and tax abatements, the complaint alleges, and facilitated the awarding of the contract to the environmental firm.

Glenwood arranged for these payments to ADAM SKELOS due to the company's substantial dependence on DEAN SKELOS for real estate tax abatements and other real estate legislation favorable to Glenwood, and based in part on statements from DEAN SKELOS that he would punish those in the real estate industry who defied him.

The residential - development firm sought favorable treatment in Albany — on issues like real - estate - tax abatements and rent regulation.

Speaking to reporters after an unrelated event in Manhattan, Mr. Cuomo expanded on remarks yesterday trashing the Mr. de Blasio proposal to alter the controversial tax credit to require greater affordable housing construction while simultaneously lengthening the abatement period from 25 to 35 years.

State lawmakers left the Capitol on Thursday without securing broader agreements on rent control or the abatement, nor did state lawmakers agree to any short - term extenders as negotiations continue.

«I think you're going to see more children, not fewer children, exposed to lead,» said Senator Jack Reed, a Democrat [from Rhode Island] who has sought more funding for lead - abatement programs on the Senate subcommittee that funds HUD.

The lawyer, who handled much of Glenwood's political work, said the company hoped to obstruct the passage of campaign finance reform laws, see the controversial 421a tax abatement renewed, obtain a favorable tax cap on revenue from apartment buildings and to prevent Democrats from taking control of the State Senate and giving control of the New York City rent laws from Albany to the City Council — which Mr. Dorego compared to «an atomic bomb.»

But, on Dec 31, 2011, the J51 Rent Abatement expired, and tenants» advocates saw opportunity.

Last night a deal on housing legislation came together between the Assembly and Senate that would have extended the controversial J - 51 tax abatement until 2015 without making any changes to it, as well as making changes in the housing code for loft tenants.

And whereas IDA sales tax abatements typically cover the costs of construction materials and equipment purchased to initially outfit the building, Yahoo will receive the tax exemption on equipment purchases for 20 years.

The 421a tax abatement, which is set to expire in June, will be first and foremost on the task force's agenda, the website reported.

de Blasio emphasized the preliminary nature of his information on the investigation, but pointed out that New York City has long had stringent laws on abating lead paint and a resulting longterm NYCHA effort on abatement.

Construction on One57, the residential luxury toward that received the 421a tax abatement.

The return on REBNY's political investment in Albany is clear: the 421 - a property tax abatement for new residential construction continues to balloon.

The plan calls for the creation of low - equity housing cooperatives, reinvesting in NYCHA housing, developing community land trusts, creating tax abatements for developers and entrepreneurs who bring business into Central Brooklyn and hire local residents must be encouraged to hire locally, offering quality careers to residents and a moratorium on wealthy developers being allowed to buy up apartment buildings and leave the units vacant.

ALBANY — Governor Andrew Cuomo and the leaders of both houses of the State Legislature announced a «framework» for a deal Tuesday on several outstanding issues, including rent regulations, the 421 - a tax abatement program, mayoral control of New York City's schools and the education tax credit.

The measures were part of a package of initiatives focused on poverty and income inequality rolled out by the governor in the run - up to Wednesday's State of the State address, involving billions of dollars in services and tax abatements.

ALBANY — Hundreds of construction workers rallied on the steps of the Capitol on Tuesday, blasting the mayor of New York City and urging state lawmakers to attach a prevailing wage provision to any renewal of the 421 - a tax abatement program.

ALBANY — New York City mayor Bill de Blasio chided the State Senate and Governor Andrew Cuomo on Wednesday for what he said was their lack of leadership on his proposed reforms to rent regulations and the controversial 421 - a tax abatement program.

ALBANY — With a deadline looming, Republican state senators are finally breaking their silence on the 421 - a tax abatement program set to expire in two weeks.

Finally, REBNY and the Building and Construction Trades Council of Greater New York — the umbrella organization for the city's union hard hats — reached a framework agreement on issues such as wages and the length and value of the tax abatement in November 2016.

«This legislation is critical to ensuring that low - and moderate - income seniors who live on fixed incomes can continue to receive the abatement that they have come to count on,» said Deputy Assembly Speaker Earlene Hooper (D - Hempstead).

During Silver's trial, prosecutors showed how Glenwood went along with a scheme that allowed Silver to collect referral fees while considering legislation on a tax - abatement program crucial to Glenwood's business.

«Our investigation continues and we draw no premature conclusions on whether the extension of the 421a tax abatement to these specific properties involved any improper action,» the commission wrote.

Silver stepped down from his post after he was arrested on Jan. 22 for allegedly reaping $ 4 million in kickbacks from law firm Goldberg & Iryami, including some stemming from referrals of real estate developers seeking tax abatements, Bloomberg News reported.