Sentences with phrase «estate tax abatement agreements»

The municipal attorneys at Spesia & Taylor are well - versed in special service and special assessment areas, tax increment financing areas, sales tax incentive agreements and real estate tax abatement agreements.

Not exact matches

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.

The call came as Cuomo at the same time announced an agreement had been reached between labor groups and real - estate interests to revive the 421a tax abatement in New York.

Senate Republicans emerged from a nearly three - hour long closed - door conference this afternoon, but an agreement on extending rent control in New York City and a real - estate tax abatement remains elusive.

For the city's decades - old tax abatement program for developers, 421 - a will see a four - year extension if the real estate industry and labor come to an agreement over wages for construction workers involved in those projects.

One tax action Senate Republicans would back is the reauthorizing of the expired 421a tax abatement, which lapsed in January after real - estate interests and labor unions could not reach an agreement on the prevailing wage component in the measure.