Sentences with phrase «city tax credits»

Not exact matches

Cleveland has also benefited from a new government program that has awarded more than $ 160 million in tax credits to the city's development projects, leveraging almost $ 1.5 billion in redevelopment, according to CBRE, a commercial real estate services company.

New Jersey proposed $ 7 billion in potential credits against state and city taxes if Amazon locates in Newark and sticks to hiring commitments, for instance.

Tax credits aimed at revitalizing abandoned, polluted or blighted areas can encourage development that eventually expands a city's tax baTax credits aimed at revitalizing abandoned, polluted or blighted areas can encourage development that eventually expands a city's tax batax base.

• An economic opportunity «transferable corporate tax credit equal to the value of the cost for all soft and hard costs associated with the acquisition, relocation, and development of any new or refurbished building in the City of Camden up to $ 350 million.»

Cities and states will preserve their credit ratings by annulling their pension obligations to public - sector workers, and raising excise and sales taxes — but not property taxes.

PenFed will pay most closing costs associated with an equity line of credit (ELOC) which includes: credit report, flood certification, settlement / closing, property ownership and encumbrances search, recording, city / county taxes, state taxes, property search and quick close.

The Minnesota Housing Mortgage Credit Certificate (MCC) Program offers a tax credit of up to $ 2,000 per year for first - time homebuyers in the Twin CitiesCredit Certificate (MCC) Program offers a tax credit of up to $ 2,000 per year for first - time homebuyers in the Twin Citiescredit of up to $ 2,000 per year for first - time homebuyers in the Twin Cities area.

Brinig and Garnett argue that, given their demonstrably positive impact across society, these schools should be given a fighting chance through mechanisms like tuition tax credits or vouchers, with public funds going to the child to enable students to attend an inner - city Catholic school.

In addition to generous tax credits that draw productions to the state, the city of Atlanta hopes to land a Super Bowl in the near future after its new stadium for the Atlanta Falcons is due to open in 2017.

«There are 91 failing schools in New York City right now and that's why I'm personally a strong proponent of charter schools and the education tax credit.»

The pro-Hoyt mailers focus on a Historic Rehabilitation Tax Credit he championed in Albany as chair of the Cities Committee and sustainable economic development.

Aetna, the insurance giant founded in Hartford, Connecticut, where it has been for the past 164 years, announced that it would move its headquarters to New York City, due in part to nearly $ 10 million worth of property and sales tax credits, among other benefits.

The lieutenant governor pointed out there are always challenges in trying to balance a $ 168 billion budget, but she said the state is very aware of the importance of historic tax credits — specifically to upstate cities like Buffalo, Rochester and Syracuse.

With the assistance of the Historic Tax Credit program, New York State is leading the nation in promoting sustainable neighborhoods while preserving the historic fabric of our cities and towns.»

Acceptance to the lists could mean more than just tax credits for the city's East and West Side communities.

The state's top economic development official says a plan in Congress to eliminate the historic tax credit program would harm efforts to revitalize cities in New York.

Using that credit, businesses can get the state's taxpayers to reimburse up to 100 percent of the property taxes they pay to counties, cities, towns and schools.

Senate Republicans are discussing a potential compromise on extending mayoral control of New York City schools for three years and link it to the creation of an education tax credit.

Negotiations in Albany were also bogged down over how to divide increased education funding, the details of an affordable housing and development tax credit in New York City and whether to increase the number of authorized charter schools.

In June, New York state and city agencies announced $ 34 million in tax credits for Aetna — the health insurance giant that threatened to pull out of Obamacare exchanges as it tried to persuade federal regulators to approve a controversial merger.

Mr. Cuomo has kept lawmakers in Albany in hopes of reaching a deal on rent regulations and other matters, including expiring laws governing mayoral control of city schools and the 421a real estate tax credit, but so far there has been no movement on those issues.

To be eligible for the Property Tax Freeze Credit program, taxpayers must qualify for a separate program — the STAR property - tax exemption — and live outside New York CiTax Freeze Credit program, taxpayers must qualify for a separate program — the STAR property - tax exemption — and live outside New York Citax exemption — and live outside New York City.

The mayor is still missing a new version of the 421a building tax credit — the gas for his affordable housing engine — but the rule changes have potential to permanently change both the city's rental market and its physical terrain.

If a qualifying resident already paid taxes, the city's Department of Finance would issue a credit.

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.

«This important tax credit will help women and minority writers and directors break into the film industry here in New York City, one of the most diverse places in the world.»

Online retail juggernaut Amazon will receive up to $ 20 million in tax credits in exchange for expanding its New York City footprint with a 359,000 square foot office.

While the Kingsbridge Armory battle centered on wages at one project, the wage bill seeks to expand the debate to developments across the city that receive public subsidies worth more than $ 100,000, whether in discounted land sales, tax credits or other incentives.

The Destiny USA mall was given a 30 - year property tax break from the city and is also in New York's Empire Zone tax credit program.

A proposal that would allow residents to use a credit card to pay taxes and water bills is on Monday's Niagara Falls City Council agenda.

[NYP] • With all the money floating around City Hall (the surplus is now even larger than estimated — $ 4.4 billion), Council Speaker Christine Quinn wants a tax credit for renters to match Bloomberg's proposed property - tax rebate.

The Times also reported that the total value of the incentives from the city, the state and the Bronx BP Ruben Diaz topped $ 120 million: including $ 74 million in city tax exemptions, $ 18.5 million in state tax credits, and $ 18 million in cash, split between city and state.

Heastie said there are also agreements on an affordable housing tax credit for New York City developers and a proposal to raise the age of criminal responsibility from 16 to 18.

Teachers» unions and Democrats who dominate the Assembly were pleased to beat back the tax credit, while the religious organizations and charter school advocates who supported the measure were tided over with money and changes that will allow more charter schools to open in New York City.

This includes the pre-kindergarten debate prompted by New York City Mayor Bill de Blasio and a tax credit advocated this week by Cardinal Timothy Dolan that could boost Catholic school attendance.

State and City official gathered this week to celebrate the opening of George T. Douris Tower, a 15 - floor, 183 - bedroom affordable senior housing complex on Hoyt Ave. New York State Homes and Community Renewal (HCR) worked with an impressive array of partners, and provided coordinated resources from the Low Income Tax Credit program and the Homes for Working Families program to support the development.

It authorizes $ 150 million in a tax credit offsetting donations to educational scholarship funds, reauthorizes mayoral control of New York City schools for three years, legalizes mixed martial arts, and transfers the Canal Corporation from the Thruway Authority to the Power Authority.

But Kolb says he knows talks are going on about the top two remaining issues, renewing New York City's rent laws and an education tax credit for donors who give up to a million dollars to fund scholarships for poor children in private schools and fund afterschool activities at public schools.

On topic questions included whether the administration plans to increase low - income affordable housing production, what actions are required for the administration to count a unit of housing as «preserved», whether housing built with 421 (a) tax credits anywhere in the City should require affordable units, how the de Blasio administration counts housing underway at the end of the Bloomberg administration toward its goal, what was done in this housing complex to «preserve» these units, whether units counted as «preserved» are always on a 30 year agreement, the annual average of 20,000 units created or preserved as set forth in the mayor's ten year goal of 200,000 such units and how money was spent on the 17,000 units created or preserved in 2014.

u A restructuring of the state STAR tax credit program that will effectively boost New York City's resident income tax by another 6 percent for high - income households.

The state would also stop sending money to New York City to provide a tax credit proportional to STAR savings for taxpayers there.

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.

Assemblyman Sean Ryan, joined by State Senators Chris Jacobs and Tim Kennedy, are calling on Governor Cuomo to re-authorize the state historic tax credits because of their effect on the City of Buffalo's revitalization in recent years.

A New Jersey bill that would permit towns and cities to give homeowners tax credits in exchange for counting property tax payments as charitable contributions is poised for a final vote in the Legislature next month.

This year he's receiving an additional $ 338,000 in tax credits for housing senior citizens, even though his violations are so widespread, he was dubbed the city's «worst landlord» in Public Advocate Letitia James» annual compilation last month.

Another group of business leaders, corraled by the Partnership for New York City, sent out a similar letter on Monday afternoon, just minutes after de Blasio's press conference, expressing support for the education tax credit.

Senate Majority Leader John Flanagan and Assembly Speaker Carl Heastie said Wednesday that they are negotiating possible compromises on the minimum wage issue, which could include a lower minimum wage in Upstate New York than in New York City, excluding farms from the hike, and providing a tax credit to small businesses to help them adjust.

But the city's architecture plays a major supporting role, too, and the generous tax credits offered by the state didn't hurt, either.

It is clear that these fat cats who want the public to bail them out like AIG and Goldman Sachs; or the Speyer deal with Stuyvesant Town and a whole host of other scams, are organizing because they fear losing their «special treatment» like a West Street Headquarters will a half billion dollar real estate tax exemption; or the tax credits for complex real estate deals that made Related into a financial and real estate behemoth without really doing much to improve anything... It bothers these dukes and barons that the city helps the needy.

He plans to join City Real Estate Advisors, a private - sector firm that connects affordable housing developers with tax credits and equity.