Sentences with phrase «estate tax abatement by»

Not exact matches

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.

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.

And a recent bill Kemmerer criticized him for supporting, to give tax abatements to a millionaire real estate developer, was also supported by Democrats Peter Abbate and Alec Brook - Krasny in the assembly, Golden said.

Dean Skelos promoted and voted for real estate legislation sought by the developer, including some pertaining to rent regulation and property tax abatements, the criminal complaint said.

Dean Skelos promoted and voted for real estate legislation sought by the developer, including some pertaining to rent regulation and property tax abatements, the complaint said.

The last several weeks at the Capitol have been largely dominated by downstate issues like rent control and a real - estate tax abatement favored by developers.

Cuomo, in fact, scored points with real estate players by extending the 421 - a tax abatement bill that encourages affordable housing development, but also controversially benefited luxury projects such as Extell Development's One57.

Construction unions and developers were unable to come to an accord on prevailing wage standards to be written into the 421a tax exemption by today's deadline — meaning the abatement will die on the vine, and the future of the New York real estate market will be left uncertain.

A coalition backed by the Real Estate Board of New York on Tuesday launched a last - minute advertising campaign for its preferred version of the 421a tax abatement extension.

The indictment alleges that Silver lined his pockets by helping real estate interests seek tax abatements.

The Real Estate Board, which is dominated by Manhattan developers, concentrated on extending the 421 - a tax abatements, while the Rent Stabilization Association, which represents mostly landlords in the boroughs outside Manhattan, was focused on fending off attempts to eliminate regulations allowing landlords to deregulate apartments and escalate rents.

I was told by a real estate agent a few months ago that many people get tax abatements when they buy foreclosed or short sale homes because the price they paid for it is well under the tax assessment.