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NY lawmakers mandate massive tax breaks for millionaires’ Manhattan apartments - NY Daily News
NY lawmakers mandate massive tax breaks for millionaires’ Manhattan apartments - NY Daily News
Language quietly inserted into a bill that sailed through the state
Legislature singled out the five developments to make them eligible for
tax breaks — which could cost the city tens of millions of dollars in
property taxes, the Daily News has learned.
RELATED: $90M PENTHOUSE ON 57TH ST. BREAKS RECORD
The sponsor of the bill, Sen. Martin Golden (R-Brooklyn), defended
the tax breaks, saying the projects would create jobs and boost the
economy.
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