The Traderszone Network

Published in TZ Latest News 9 April, 2017 by The TZ Newswire Staff

It’s back: Lawmakers revive 421a as Affordable NY

Two years after a punt to the private sector, lawmakers voted late Sunday to revive the 421a developer tax abatement, part of the state’s $163 billion budget. The program, now called Affordable New York, closely follows Gov. Andrew Cuomo’s proposal from January. The key changes to the abatement — from the version that expired in 2016 — include wage requirements for construction workers on certain projects and a 35-year break from property taxes (up from […]

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