States rethink data centers as electricity hogs' strain the grid
State Senator reevaluates tax breaks for data centers impacting clean energy supply, considering implications for climate goals and electricity demand. [ more ]
New York Local News Orgs to Get Tax Break, First in Nation
Local news organizations in New York are set to receive tax breaks to support the employment of journalists, highlighting the importance of independent journalism for democracy. [ more ]
Tax Break Scandal Leads to $5 Million Fine for N.J. Energy Company
Holtec International, a business tied to George Norcross III, has agreed to pay a $5 million penalty after a criminal investigation into tax breaks the company was awarded.
The fine allows Holtec officials to defer criminal charges linked to a fraudulent 2018 application for tax credits.
New Jersey's attorney general emphasized that the state will hold businesses accountable for lying for financial gain. [ more ]
The 421a program, which provided tax breaks for developers, expired in 2022, leading to a fight over its replacement.
The program was important for the construction of rental buildings in New York City, but now the focus is on building affordable apartments for moderate- and lower-income residents. [ more ]
Hochul demands lawmakers sign off on Adams' housing plan: 'Let them build!'
Gov. Kathy Hochul is pushing for the approval of a plan to build 500,000 new homes and apartments in New York City to address the housing shortage.
Hochul's plan includes reviving a tax break program for developers, creating a similar program for office tower conversions, repealing a state law on building height, and streamlining environmental reviews for housing projects. [ more ]
Biden's budget proposal for a second term offers tax breaks for families and lower health care costs
Biden's budget proposal includes tax breaks for families and increased taxes on the wealthy and corporations.
Deficits could be reduced by $3 trillion over a decade, with $4.9 trillion in tax revenue increases and $1.9 trillion funding various programs. [ more ]
Biden's budget includes tax breaks for families, hikes for the wealthy
Biden released a budget proposal focusing on tax breaks, lower health costs, smaller deficits, and higher taxes on the wealthy. The proposal aims at potential future changes post-election if Democrats win. [ more ]
Photos: Greek farmers drive tractors to parliament to demand financial help
Farmers in Greece protest against high production costs, demand tax-free fuel, debt forgiveness, and compensation for damage from natural disasters.
Protesters in Athens with brightly colored tractors demand substantial reductions in electricity costs and criticize substantial markups in shelf prices. [ more ]
German tractors clog Berlin as farmer protests reach climax DW 01/15/2024
Thousands of German farmers protested in Berlin against plans to end tax breaks on diesel fuel for the agricultural sector.
Central to the dispute is the government's plan to phase out tax relief on agricultural diesel rather than abolishing them all at once as initially planned. [ more ]