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Sales tax exemptions and mortgage abatements are among the most common benefits the Westchester IDA provides and have been seemingly routinely granted to developers of projects in White Plains.
The affected project is to be built at 327-339 Huguenot Street and 33 Centre Avenue by Huguenot Partners LLC.
On Jan. 1, Congress passed HR 8, the American Taxpayer Relief Act, which will prevent many of the tax increases that were scheduled to go into effect this year while at the same time retaining many of the scheduled tax breaks that were set to expire. Here are some key provisions of the new law.