Sentences with phrase «real estate tax breaks as»

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Taxpayers who qualify as real estate professionals generally have been able to get a bigger tax break for those losses, which could prod some people to try passing as one for tax purposes.

Hevesi says the homeless projects are caught up in a larger dispute over how to renew a special tax break for real estate developers who include affordable housing in their projects, known as 421a.

Additionally, de Blasio's negotiated plan with the real estate industry to renew a critical tax break for developers known as 421 - a had been shot down just weeks earlier by Cuomo, who claimed the mayor's proposal had «generated problems.»

Sixty - eight percent said his cuts to school aid and tax cuts would convince them to oppose him, while 67 percent said the Committee to Save New York would keep them from pulling the lever for Cuomo, after the pollsters» described the group as a «shadowy» organization «that raised more than $ 17 million from Wall Street, real estate moguls and other business interests to promote his agenda of education cuts and tax breaks.»

In terms of real estate, he will likely go down as one of the most influential politicians to have shaped the city — from vetoing the controversial West Side stadium proposal to shepherding through approval of millions of dollars in 421a tax breaks for the mega towers along Billionaire's Row.

Silver received $ 700,000 in referral fees from a real estate law firm doing tax appeal work for Glenwood in an alleged kickback scheme as he directed tax breaks to Glenwood, the indictment claims.

Silver also received another $ 700,000 in referral fees from a real estate law firm in an alleged kickback scheme as he directed tax breaks to two developers, including Glenwood Management, the largest political donor in the state.

As Amazon nears a decision on the location for its second headquarters, it's weighing a number of factors about each city: access to transit systems, the size and makeup of the local workforce, available real estate and tax breaks.

U.S. Attorney Preet Bharara said Silver did no work for the referral fees and used his power as speaker to direct tax breaks to two developers he referred as clients to Goldberg & Iryami, including luxury real estate firm Glenwood Management, the state's largest political donor.

New York City's rent regulations expire next week, along with a property tax break for real estate developers who agree to set aside some of their project for affordable housing, known as 421a.

Governor Cuomo, who has received millions from developers, including Glenwood, as well as from labor unions, concedes that any deal forged to change the real estate tax break, known as the 421a provision, could be misconstrued.

The mayor's plans, backed by the Real Estate Board of New York, propose an end to 421a breaks for condo projects as well as a required inclusionary policy for affordable units to be built in buildings receiving the tax breaks.

Lawmakers hope they can wrap up a resolution on the rent laws, and a related property tax cap, as well as a tax break for real estate developers.

The real estate industry is desperate to renew a tax break known as 421 - a, which spurs new apartment building development, and Assembly Speaker Sheldon Silver says developers won't get that renewed unless they agree to change the rent laws.

In large part due to Cuomo's push, under state legislation passed in late June, the real estate industry and the city's building trades have until next January to strike a compromise on 421 - a, or the tax break will end — an ultimatum seen as a major victory for the unions.

DeFrancisco says in the next few weeks it will become clear whether Skelos can indeed be effective as leader, and the Senate negotiates with Gov. Andrew Cuomo, and the Assembly over renewal of New York City's rent control laws and a related property tax break for real estate developers,

Hevesi said the homeless projects are caught up in a larger dispute over how to renew a special tax break for real estate developers who include affordable housing in their projects, known as 421a.

That he's mad as hell at wasteful government spending and the corrupt political Establishment — but that his upstate real - estate company takes full advantage of state tax breaks.

The real estate industry, which already receives huge tax breaks as it gentrifies communities, also stands to benefit by promoting charter schools and helping them buy up property, or rent, in inner city communities.

The new tax law will likely benefit investors in real estate investment trusts and master limited partnerships as a result of a particular tax break afforded to pass - through entities.

As Bloomberg News reports, the Tax Reform Act will be very good for rental property owners and landlords if they do business via pass - through entities — real estate investment trusts, partnerships, limited liability companies, and S corporations — all of which are set to get big tax breaks in the ATax Reform Act will be very good for rental property owners and landlords if they do business via pass - through entities — real estate investment trusts, partnerships, limited liability companies, and S corporations — all of which are set to get big tax breaks in the Atax breaks in the Act.

The break, known as the like - kind exchange or «1031» for the tax code section it comes from, lets real estate owners sell one piece of property and buy a new one soon afterward without paying any capital gains taxes on the profits from the sale.

Half the donations this year came from real estate companies, many of whom contributed as they were engaged in a behind - the - scenes effort to persuade de Blasio to protect an existing development tax break known as 421 - a.