Sentences with phrase «abatement program expire»

Nearly one third of the members of the state Assembly have signed onto a letter calling on their colleagues to let the 421 - a tax abatement program expire if substantial changes are not made to New York City's rent laws.

After they failed to agree on paying construction workers a prevailing wage for buildings with 15 or more units, the tax abatement program expired, and the governor has yet to announce a program to take its place.

Not exact matches

Similarly, Cuomo in 2011 signed Silver - backed legislation reauthorizing a then - expired property tax abatement for real estate developers called the 421a program.

When the contentious tax - abatement expired last June, lawmakers stayed in Albany for extra sessions to put together a deal that extended and expanded the program for another six months.

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.

Gov. Andrew Cuomo's top issues for the remainder of the session: Ethics reform, a «plan» to combat heroin abuse, a statewide cancer screening and prevention program and a replacement for the 421 - a tax abatement program that expired earlier this year.

A group of City Council members, left - leaning activists and business leaders are studying some of New York City's tax break programs, such as the Industrial and Commercial Abatement Program, which are set to expire in 2016.

The 421 - a program, which expires in June and has quickly become a favorite target of tenants groups, provides a large tax abatement to developers who meet certain criteria.

With just two days until the 421 - a tax abatements expire, Capital has learned a last - ditch effort is underway in Albany to overhaul the controversial development subsidy program before the legislative session ends next Wednesday.

MANHATTAN — All eyes will be on Albany next week when the city's rent regulation laws and its 421a program giving tax abatements for new projects are set to expire.

Cuomo met earlier this week with a group of real estate executives working to hash out a deal to revive the expired 421 - a tax abatement program.

In Albany, there has been talk of a straight extender of the current 421a tax abatement program, which expires June 15.

Mr. Dorego hired an army of lobbyists that eclipsed the contingents from either of real estate's two most powerful trade groups — the Real Estate Board and the Rent Stabilization Association — ensuring he had the ear of state officials who oversee important housing rules, including a lucrative tax abatement program set to expire next month.