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Home / Affordable Housing / Building (Construction) / Deductions and Exemptions / Real Estate and Housing (Residential) / State Legislatures / Tax Credits / Why a Lucrative Tax Break for Developers Is Likely to Die in Albany

Why a Lucrative Tax Break for Developers Is Likely to Die in Albany

Friday, May 27, 2022 , , , , ,
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The subsidy, known as 421a, has been used in nearly every big residential project over its 51-year history. It costs the city $1.77 billion annually in lost tax revenue. By BY MATTHEW HAAG from NYT https://ift.tt/ERo9yFt

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