Sentences with phrase «city tax breaks»

The bill applies not only to projects built with city tax breaks, but also to businesses like restaurants that may be located in the buildings.

[Side note on this effort: A little too late for ensuring living wage at the Bronx's Kingsbridge Armory project, where the developer, The Related Companies, is receiving millions in city tax breaks and a discount on the sale price.

Under the bill projects like the Coney Island redevelopment, the Hudson Yards, the Intrepid, all built with city tax breaks, would have to pay their workers a so - called «living wage» of $ 10 a hour with benefits, or $ 11.50 without benefits, instead of the federal minimum wage of $ 7.25.

Speaking to a rally of several hundred union members in front of the hotel's Lodge Street entrance, Sheehan recalled supporting a city tax break package for the hotel, worth more than $ 1 million a year, and said hotel owners United Capital Corp. had «broken their promises» by failing to reach a contract with the Hotel Trades Council, which represents about 140 workers at the hotel.

A Queens Assemblyman and City Council hopeful who simultaneously claimed primary residences at two different addresses got a federally backed mortgage at one and a city tax break at the other, records show.

Not exact matches

Typically, to win big headquarters deals, states and cities have to grant tax breaks and other concessions as Boston and Massachusetts did to woo General Electric's (ge) headquarters from Connecticut to Boston.

The city of Newark meanwhile is also offering a local property tax break that could save the company another $ 1 billion, and is also offering to waive $ 1 billion worth in wage taxes for employees over 20 years.

For each city, we included the annual after - tax income needed to live comfortably and how a 50/30/20 plan would break down monthly for a single person.

Before moving into the location, Twitter threatened to relocate out of San Francisco unless the city gave the company a tax break.

The activists took issue with the $ 22 million tax break the city gave Twitter in 2011 to keep its offices in San Francisco.

The temporary tax break attracted fast - growing tech companies to San Francisco's Mid-Market and Tenderloin neighborhoods by offering them an exemption from the city's 1.5 percent payroll tax in exchange for community work.

As part of this tax break, the city requires Twitter to pledge part of the savings to better the community through a Community Benefits Agreement.

The company says the campus will bring 50,000 jobs over the next two decades, and most of the 20 finalist cities have said they are offering economic incentives to lure the tech giant — for example, New Jersey has said it wants to award Amazon $ 7 billion in tax breaks if it chooses the Newark area.

So far, the only city that gives tax breaks to B Corps is Philadelphia, where up to 25 B Corps a year will be eligible for a $ 4,000 tax break starting in 2012.

The Memphis City Council voted on Oct. 3 to offer the tax breaks for the company's headquarters, possibly in addition to incentives from the development agency Economic Development Growth Engine, Shelby County and the state.

But two of the city's hottest technology start - ups, Twitter and Zynga, are threatening to leave San Francisco unless they get a break from a city payroll tax that could, given the estimated multibillion - dollar valuations of the two companies, amount to tens of millions of dollars.

Critics of the proposed tax breaks rallied last week in front of Twitter's offices, accusing the company of hypocrisy for espousing social consciousness while seeking concessions from the city.

Businesses self - report the tax to the city and do not have to break out different types of compensation on their forms.

Alicia Glen, the city's deputy mayor for housing and economic development, said Amazon would probably get hardly any tax breaks if it chose to locate its second headquarters in Midtown or Lower Manhattan, the city's two traditional business centers.

The city approved a payroll tax break for biotechnology companies seven years ago, and Ms. Matz said it had helped attract dozens of biotech start - ups.

By opening up bids for its second headquarters to cities and municipalities across the country, Amazon is countering that narrative: For only a few billion dollars in tax breaks, the lucky winner would get 50,000 jobs.

Proposals are due October 19, with many cities expected to offer Amazon tax breaks and other incentives to win the new headquarters.

The political calendar in Washington — where Republicans are occupied with a make - or - break debate over tax legislation — means there is little prospect of a dramatic breakthrough or angry walkout in Mexico City this week.

And that two of these are not cities, but regions, shows that while the retail giant has clearly made this bidding process for its next headquarters an exercise in trying to extract the most generous tax breaks from municipalities, in a perfect world Amazon would plant «HQ2» in the nation's capital.

Republicans initially focused on the tax cut messaging in the recent special election in Pennsylvania's 18th Congressional District, but by election day, they had pivoted to decrying so - called «sanctuary cities» after determining the tax message wasn't breaking through.

«The job comes with many risks, including the ability to repay, cost of maintenance, plumbing repairs needed, electric blackouts, appliances that break, local and state regulations, fire codes, and taxes and insurance required,» says Arik Kislin, real estate developer and CEO of New York City - based Linx Industries.

Fresh - faced City Council Speaker Corey Johnson wants middle - class homeowners in the city to get a tax brCity Council Speaker Corey Johnson wants middle - class homeowners in the city to get a tax brcity to get a tax break.

It's a curious statement for a mayor of city where WEDC has provided some $ 186 million in tax breaks and other help for 184 projects by companies including Danisco, a subsidiary of DuPont, which reported $ 25 billion in net sales in 2015.

The city is trying to sweeten the idea of rezoning the Garment District by offering tax breaks to certain landlords.

Employees of the Danish customer service firm Zendesk fan out into the poverty - stricken Tenderloin neighborhood to help in area schools and work in food kitchens, though it's part of a deal with the city that earns the company a break in payroll taxes.

BTW, although governments give religions certain tax breaks (because they provide services that the government otherwise would have to provide, as well as promote overall stability that contribute to the stability of civilization), the LDS Church (the one headquartered in Salt Lake City) pays many taxes that it is not legally required to pay.

Some cities and states have tax breaks and rebates for purchasing energy efficient products, so be sure to check out what's available in your area.

Already twelve states (CA, NY, MD, VT, VA, NJ, HI, IL, MA, LA, PA, SC) have passed Benefit Corporation Legislation, and the city of Philadelphia passed a tax break for Certified B Corporations in December 2009.

Onondaga County Executive Joanie Mahoney is urging Mayor Stephanie Miner not to appeal a judge's dismissal of the city's lawsuit against COR Development Co. over tax breaks for the company's $ 342 million Syracuse Inner Harbor project.

Lawmakers are also considering an extension of a tax break for lower Manhattan real - estate that is favored by the Real Estate Board of New York and a provision to bolster New York City police and firefighter pensions.

At 2 p.m., Tax Equity Now New York (TENNY), a newly formed coalition of homeowners, civil justice organizations, and real estate leaders dedicated to fixing New York City's broken property tax system will make a major announcement, City Hall steps, ManhattTax Equity Now New York (TENNY), a newly formed coalition of homeowners, civil justice organizations, and real estate leaders dedicated to fixing New York City's broken property tax system will make a major announcement, City Hall steps, Manhatttax system will make a major announcement, City Hall steps, Manhattan.

Contributions are so common at the state level because Albany controls many interests in New York City real estate, from property tax breaks to rent regulation and land use.

But Miner sued COR in December, stalling the project, after the company went around the city to obtain tax breaks from the county Industrial Development Agency.

There are additional tax breaks if the productions are done outside the New York City area.

COR requested the tax breaks — which were valued at nearly $ 45 million — in October, but their approval touched off a war of words between Mahoney and Syracuse Mayor Stephanie Miner, who said the city's IDA should have negotiated a subsidy deal.

Before then, lawmakers and Cuomo must negotiate major pieces of legislation, including the renewal of a lucrative tax break program for New York City developers that also plays a role in the criminal complaint against Skelos.

Glenwood has also used the 421a tax break for some of its other properties in the city.

City Comptroller John Liu, also a mayoral candidate, said a lot of rhetoric is given to the idea that small businesses are the backbone of the city but there is a lot more that government can do to help such as tax breaks and reducing harsh enforcement measures and fiCity Comptroller John Liu, also a mayoral candidate, said a lot of rhetoric is given to the idea that small businesses are the backbone of the city but there is a lot more that government can do to help such as tax breaks and reducing harsh enforcement measures and ficity but there is a lot more that government can do to help such as tax breaks and reducing harsh enforcement measures and fines.

If Perez Williams is elected mayor, she can't let the county dictate tax breaks for a city that needs all the money it can get.

For each job created through its relocation, Aetna is receiving $ 134,200 in city and state tax breaks.

The governor also continued to chide the mayor for waiting until near the end of this year's state legislative session to visit Albany and push for changes to the tax break, and for a general strengthening of the city's rent regulations, which expire next month.

The current system pits Onondaga County and the city against each other when it comes to negotiating tax breaks with developers.

Alicia Glen, Mayor Bill de Blasio's deputy mayor for housing and economic development, told the City Council today that obligating developers who receive the controversial 421a tax break to pay construction workers prevailing wages could result in 17,000 badly - needed below - market apartments not getting built — and argued that the demand for low - cost housing trumps the call for union jobs.

Five luxury high rises in Manhattan are now eligible for tax breaks — estimated to cost New York City tens of millions of dollars in property taxes.

Separately from the state, New York City is giving Aetna a $ 5 million sales tax credit over 18 months and another $ 4.55 million in tax breaks over 10 years.