Gov. Andrew Cuomo has signed a law to extend property tax breaks for installing electricity-generating solar panels on New York City buildings.
The House of Representatives was expected to vote Saturday on the deal reached by the General Assembly’s majority Democrats and Democratic Gov. Malloy last week. It’s unclear when the Senate will vote on the $19 billion budget bill.
New York State Gov. Andrew Cuomo has decided to support the minority position of his own tax commission when it comes to providing a property tax credit to renters across the state, with most of the break going to New York City tenants.
This year, the state did things differently and some homeowners could be missing out on their money.
Some lawmakers on Tuesday took issue with the city’s plan to give Madison Square Garden a $17 million property tax break every year for the past 31 years.
New York Gov. Andrew Cuomo and Assembly Speaker Sheldon Silver (D-Manhattan) said Tuesday they will not be ending a tax break enjoyed for three decades by Madison Square Garden.
Senator Charles Schumer said a mass transit tax benefit that expired last year was included in the Senate transportation bill overhauling federal highway and transit programs.
The state will cut the annual contribution to the paid family-leave program from $35 to $17 a year beginning in January.
A report says Republican candidate for governor Carl Paladino received a $1.4 million tax break as the developer of Buffalo real estate, but failed to deliver on promised investments and jobs.