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The 421-a tax exemption is a property tax exemption in the U.S. state of New York that is given to real-estate developers for building new multifamily residential housing buildings in New York City. As currently written, the program also focuses on promoting affordable housing in the most densely populated areas of New York City. The exemption ...
The measure adopted on the final day of the legislative session allows NYCHA to transfer 25,000 apartments into a publicly owned trust with the ability to issue bonds and borrow money to cover ...
For example, New York state has several such programs. In conjunction with the proposal to build a West Side Stadium in New York City for use by the New York Jets, there was controversy over the proposal by the Mayor, Michael Bloomberg, to use PILOT money from the Jets to help finance the project rather than applying it to other municipal ...
The state of Georgia and local governments are on track to give $2.1 billion in tax breaks and other incentives to Hyundai Motor Group after the South Korean automaker and a partner announced last ...
The program provides financial and educational assistance to landowners that compose a qualifying management plan. Initially proposed plans must be 10 years management strategies and can manage no more than 1,000 acres (4.0 km 2) (additional area can be added in special cases). [2] Tax incentives
The state's first tax incentive, a point of purchase sales and use tax exemption, was introduced in 2002. The state's second and most progressive tax incentive, the Georgia Entertainment Industry Investment Act, was signed into law in May 2005 and updated in May 2008. The act granted qualified productions a transferable income tax credit of 20% ...
Under the agreement with the state, Rivian has until the end of 2028 to meet the 7,500 jobs target and $5 billion investment target and receive the full amount of incentives and tax savings.
There are 6 flat tax rates in Georgia: corporate profit tax, value added tax, excise tax, personal income tax, import tax and property tax. [1] Personal income tax in Georgia are collected at a flat rate of 20% on local-source income. Foreign-source personal income is tax-exempt. [2]