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IPFS News Link • 911 / World Trade Center

Obama seeks tax credit for NY's World Trade Center

• Reuters

Transportation upgrades for New York's World Trade Center rebuilding would get a $200 million tax credit under President Barack Obama's budget plan proposed on Monday, providing support to finish this aspect of the long-delayed project.

The annual tax credit for lower Manhattan would be offered to both New York City and New York state, and run from 2013 to 2022, totaling $2 billion over 10 years.

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