Social Media Ideas for Tax Abatements

Council Considers Tax Abatement to Fund Canal Crossing Affordable Apartments, Public Benefits

$774 per month for a studio apartment. $829 for a one-bedroom apartment. $995 for a two-bedroom apartment. $1,149 for a three-bedroom apartment. Affordable housing dreamers are lik...

Jersey City Council Advances Proposed ‘Canal Crossing’ Abatements to Public Hearing

Mayor James Solomon’s thinking appears in line with that of the City Council for the first pair of tax abatements proposed under his administration. At its Wednesday night meeting,...

Tax Abatements, Parking Cameras Headline City Council Agenda This Week

The Solomon administration will look to sell the City Council on two types of “pilots” this week. The council will consider a PILOT — an acronym for “payment in lieu of taxes” — fo...

Controversial ‘Canal Crossing’ Abatements Put on Hold, Legislative Counsel Vote May be Postponed

Local officials at Monday night’s City Council caucus said that a decision on a pair of controversial tax abatements and the creation of the City Council’s first-ever legislative c...

Man pays ‘zero tax’ on Rs 5 crore land sale despite filing ITR late; why ITAT gave tax exemption

Mumbai ITAT grants capital gains tax relief to a taxpayer who filed his Income Tax Return late. The tribunal ruled that reinvesting gains into a new property before a belated retur...

Aircraft, ship lease payments to IFSC units exempt from TDS for 20 years

Leasing entities in IFSCs will enjoy improved liquidity as funds are no longer locked up in TDS credits

Convert tax departments into profit centers

For many taxpayers — especially those with variable, limited or short-term tax capacity — credit transferability provides a practical and effective solution.

LETTER: Tax breaks in Jersey City have been to the detriment of small homeowners

In a letter to the editor, Jersey City resident Yvonne Balcer gives her opinion on why tax breaks granted by the city have been a detriment to small homeowners. Dear Editor: As Jer...

How a tax break program killed 538 affordable apartments in NYC

Developer Clipper Equity plans to construct seven 99-unit buildings on a nearly block-sized lot at the corner of East 125th St. and Park Ave. in East Harlem. A property tax bre...

New York’s 2026 Tax Break Lets Cities Slash Up to 65% Off Seniors’ Home Values — But You Have to Ask for It

For many retirees in New York, rising property taxes have become one of the biggest threats to staying in the homes they worked decades to...

Alcazar Hotel's $15M overhaul TIF heads to August vote

A 30-year TIF for Alcazar Hotel’s $15 million renovation will preserve school tax revenue after a decade-long abatement and limit rent increases for long-term tenants.

Section 54F Relief on 50 Future Flats? Hyderabad ITAT Says Yes

Section 54F Relief on 50 Future Flats? Hyderabad ITAT Says Yes   Taxpayers entering into Joint Development Agreements (JDAs) often face a peculiar problem. While the Income Tax Dep...

Streamlining and Taxes

New York lawmakers exempt some housing from the state's environmental review law while piling taxes on second homes.

San Diego rejects tax on second homes left vacant much of year

A budget analyst estimated about 5,100 properties would have been eligible for the tax, generating between $9.2 million to $21.4 million in its first year.

Brooklyn developer lands state budget tax break for Williamsburg waterfront complex

A rendering of the planned River Ring housing complex in Brooklyn. State lawmakers approved an extension of the 421a tax break program specifically for developer Two Treesâ€...

Hong Kong gazettes tax break for fund managers’ bonuses to bolster role as wealth hub

The Hong Kong government gazetted a bill on Friday that, if passed, would waive salary tax on fund managers’ performance-linked bonuses, so long as they meet certain requirements,...

Anambra Govt Approves Three-Month Tax Waiver to Encourage Voluntary Compliance

The Anambra State Government has approved a three-month tax waiver for residents and businesses under its newly introduced Voluntary Assets, Income Declaration and Tax Regularisati...

Taking Fire Over Ballooning Costs, Ohio Gov. Pauses Tax Incentives for Data Centers

Why is Ohio hitting the pause button on tax exemptions for data centers?

Newark Council Advances 10-Year Tax Break Extension for FBI Building

The Newark City Council has taken the first step toward extending a tax break for the downtown FBI building for a second time.

NYSBATS Report on NYC’s Pied-à-Terre Tax

The Tax Section of the New York State Bar Association has published a new report, Report No. 1531, which concerns Article 30-C of the New York Tax Law (i.e., the pied-à-terre tax)...

Shipping tax removal to boost investment

Withdrawal of 18% sales tax meets longstanding demand of industry stakeholders

Pepper challenges Ramaswamy on tax breaks

CBDT Notifies Tax Exemption for BBN Development Authority Under Section 10(46)

The Central Board of Direct Taxes (CBDT) has announced the Baddi Barotiwala Nalagarh Development Authority (BBNDA) u/s 10(46) of the Income-tax Act, 1961, granting income tax exemp...

Virginia Data Centers Pay $1 Billion+ in Taxes…

even with tax breaks