Sentences with phrase «real estate tax abatement»

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.

De Blasio's last housing fight led him in June to angrily accuse Gov. Andrew M. Cuomo of carrying out a «vendetta» when whey clashed on the mayor's efforts to amend a real estate tax abatement program and win stronger rent control laws.

He said negotiations failed around three major issues, including raising the age of criminal responsibility from 16 to 18, a potential cost shift from public schools to charter schools and a real estate tax abatement program in New York City.

Training grants, revenue grants and real estate tax abatements are a few of the economic incentives the city offers start - up businesses which have helped hundreds spouted up in Jacksonville or relocate from other states.

Today in Albany, leading watchdog groups released a letter to Governor Cuomo asking him to include Clean Contracting reforms in any special session to renew 421 - a real estate tax abatements.

Glenwood arranged for these payments to ADAM SKELOS due to the company's substantial dependence on DEAN SKELOS for real estate tax abatements and other real estate legislation favorable to Glenwood, and based in part on statements from DEAN SKELOS that he would punish those in the real estate industry who defied him.

Government filings also suggest there will be testimony on matters ranging from lobbying on big - ticket items like rent regulation and real estate tax abatements, to Silver's killing of a Manhattan drug treatment clinic and $ 10 million in campaign contributions from New Hyde Park - based Glenwood Management, one of the real estate developers he allegedly shook down.

The final results may well be a tradeoff between the separate - but - related issues of rent regulation and real estate tax abatements, as the two are perpetually held up

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.

Similarly, Cuomo in 2011 signed Silver - backed legislation reauthorizing a then - expired property tax abatement for real estate developers called the 421a program.

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.

In the months leading up to a state - imposed negotiations deadline in January, the Real Estate Board of New York and union leaders came tantalizingly close to coming up with a deal to renew 421a, the controversial tax abatement program for new developments.

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.

Mr. Skelos went on to vote favorably to the real estate industry on rent regulations and tax abatements, the complaint alleges, and facilitated the awarding of the contract to the environmental firm.

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.

The residential - development firm sought favorable treatment in Albany — on issues like real - estate - tax abatements and rent regulation.

Mayor Bill de Blasio is teaming up with the real estate industry to make some changes to the controversial tax abatement program known as 421 - a.

Bills for issues ranging from rent control for New York City and the surrounding area, as well as a $ 1.3 billion property tax rebate program, a real - estate tax abatement and mayoral control for New York City schools are yet to be printed as language continues to be haggled over.

Leaders of the Real Estate Board of New York are quietly expressing frustration at the perceived failure of the senate GOP to represent the interests of landlords and developers in this summer's fight over the 421a tax abatement.

The state Legislature has sway over key real estate laws affecting Glenwood, including the 421 - a tax abatement program and rent regulation in New York City.

Of all the issues that dominated legislative debate in last year's session, rent control and 421 - a tax abatements had the most potential to drive a spike in donations from one sector; the fact that contributions from the biggest real estate developers ebbed made it difficult for 2015 to compete with prior years.

The Real Estate Board of New York, a key backer of the Senate GOP, supports the tax abatement.

The 421a tax abatement program for real estate developers will also be extended for six months.

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.

In a 2013 Daily News story, sources accused Silver of quietly slipping the tax breaks for five real estate developers into an otherwise noncontroversial 2013 housing bill that was designed to renew tax abatements for co-op and condo owners and expand protections for tenants of loft buildings.

In its application to the agency, Destiny USA Real Estate LLC did not provide an estimate of how much in property taxes a full, 20 - year property tax abatement would be worth.

Silver stepped down from his post after he was arrested on Jan. 22 for allegedly reaping $ 4 million in kickbacks from law firm Goldberg & Iryami, including some stemming from referrals of real estate developers seeking tax abatements, Bloomberg News reported.

Gov. Andrew Cuomo meanwhile blamed three key issues: A dispute over post-release supervision as part of raising the age of criminal responsibility, funding for charter schools and a real - estate tax abatement.

As a revival of the 421a real - estate tax abatement comes under fire for subsidizing union wages, Gov. Andrew Cuomo on Monday defended the proposal.

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.

Senate Minority Leader Andrea Stewart - Cousins in a statement is backing changes to the 421a real - estate tax abatement that include both an affordable housing expansion as well as a prevailing wage component.

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.

Meanwhile, Cuomo called for an extension of rent control regulations for New York City as well as the 421a real - estate tax abatement, which he called crucial to affordable housing.

The mayor was also asked about the fate of his affordable housing plan if the 421a tax abatement program for real estate developers lapses.

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.

REBNY's spending comes as state lawmakers could yet determine the fate of a range of measures the real estate in New York has been closely watching, including an effort to revive the 421a tax abatement.

Some of the same leaders were also in negotiations with top players in the city's real estate community, trying to set more favorable terms of a state law that gives tax abatements for new developments.

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.

Along with 421 - a abatements and corporate tax incentives, de Blasio and Cuomo have been at odds on other real estate issues, too, including a long - debated and under - construction marine waste transfer station on the Upper East Side.

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.

Cuomo met earlier this week with a group of real estate executives working to hash out a deal to revive the expired 421 - a tax abatement program.

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.

In exchange for the payments to his son from the real estate firm and environmental firm, Dean Skelos introduced legislation to extend the controversial 421 - a program which provides tax abatements to developers and voted for legislation that allows landlords to increase rent on rent stabilized apartments.

It creates an open - ended, as - of - right abatement for developers who would have 100 percent real - estate tax exemption available to them, with no particular requirement for what the public benefit would be,» Benjamin Dulchin, executive director of the organization, said in an interview.

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

Manhattan Assemblyman Keith Wright, chairman of the Housing Committee, declared last night that he would not consider renewal of the controversial 421a tax abatement for developers unless the real estate - friendly Republican State Senate agrees to strengthen rent laws.

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.