Sentences with phrase «grants in lieu of tax»

Projects must be underway by Dec. 31 to get federal cash grants in lieu of tax credits equal to 30 % of the projects» costs.»

I was pleased to help ensure the legislation included extensions of important renewable energy production and investment tax credits, eliminated the previous cap on the credit for residential solar electric systems, and created the new Treasury Department's (Section 1603) grant in lieu of tax credit program.

Not exact matches

Payments in lieu of taxes granted by the Hempstead Town IDA for the Green Acres Mall and an adjacent shopping center in Valley Stream spurred the school districts» dispute.

Payments in lieu of taxes, or PILOTs, granted by the Hempstead Town Industrial Development Agency for the Green Acres Mall and Green Acres Commons, an adjacent shopping center, in Valley Stream spurred the dispute.

Miner said COR officials had promised not to seek a payment in lieu of taxes, and that the IDA should have imposed tougher local hiring requirements before granting one.

KINGSTON >> The Nevele Casino, Resort and Spa on Wednesday was granted the payment - in - lieu - of - taxes (PILOT) agreement developers were looking for but lost support from an Ulster County legislator who said she felt deceived over the request for tax breaks.

The Hempstead Town IDA granted the mall what's known as a PILOT, or payment in lieu of taxes, worth $ 14 million for the mall's renovation in 2014.

In addition, projects starting construction before the end of 2011 may elect to receive an equivalent - value cash grant in lieu of the ITC (known as a 1603 Grant after its ARRA section number), thus mitigating the need for investors with sufficient tax burdens to be offset by the ITIn addition, projects starting construction before the end of 2011 may elect to receive an equivalent - value cash grant in lieu of the ITC (known as a 1603 Grant after its ARRA section number), thus mitigating the need for investors with sufficient tax burdens to be offset by thegrant in lieu of the ITC (known as a 1603 Grant after its ARRA section number), thus mitigating the need for investors with sufficient tax burdens to be offset by the ITin lieu of the ITC (known as a 1603 Grant after its ARRA section number), thus mitigating the need for investors with sufficient tax burdens to be offset by theGrant after its ARRA section number), thus mitigating the need for investors with sufficient tax burdens to be offset by the ITC.

The grant option is designed to provide direct payments in lieu of the 30 - percent federal renewable energy tax credit.