421a program
Local Lawmakers Oppose Controversial Tax Abatement Program For Developers (Corrected)
This June, state lawmakers are expected to vote on renewing a 40-year-old tax exemption program, called 421-a [http://www.nyc.gov/html/dof/html/property/421a.shtml], that tenants and some local legislators have slammed [/golden-backs-bill-that-provides-massive-tax-breaks-for-developers-of-luxury-manhattan-apartment-buildings/] as a complete debacle that has helped to line the pockets of large developers
