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.
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The sponsor of the bill, Sen. Martin Golden (R-Brooklyn), defended the tax breaks, saying the projects would create jobs and boost the economy.