Sentences with phrase «old tax abatement»

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.

That a four - decade - old tax abatement program — one that helped subsidize the construction of this 1,000 - foot - tall tower, where a unit recently sold for $ 100 million — be eliminated.

Not exact matches

The $ 153.1 billion budget, which the State Legislature passed on Sunday, raised the age of criminal responsibility to 18 years old, included Gov. Andrew Cuomo's free public college tuition plan, brought back the 421 - a tax abatement program for developers and renewed the millionaires tax on people whose salaries are more than $ 1 million.

The state created the 421 - a tax abatement back in the bad old days of the 1970s as an incentive to developers; in the»80s it was amended to require the building of affordable housing.

The state created the 421 - a tax abatement back in the bad old days of the 1970s as an incentive to developers

He was responding to questions about two big and controversial ideas: New York City Mayor Bill de Blasio's three - week - old proposal to amend the 421 - a tax abatement program for real estate developers, and Attorney General Eric Schneiderman's introduction this week of a program bill containing sweeping ethics reforms.