Sentences with phrase «improperly awarded tax»
New York City failed to collect nearly $ 60 million in tax revenue because the Department of Finance improperly awarded tax credits to dead people and corporations, an audit by the city comptroller released Thursday found.
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In all, the audit found that the Department of Finance failed to collect $ 59.2 million in exemptions from deceased homeowners and corporations that were improperly awarded tax breaks.
New York City failed to collect nearly $ 60 million in tax revenue because the Department of Finance improperly awarded tax credits to dead people and corporations, an audit by the city comptroller released today found.