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State senators urge Cuomo not to curtail tax credits

State historic preservation and brownfield tax credits already approved should not be deferred, State Sens. Chris Jacobs and Robert G. Ortt said Friday.

The two Republicans held a joint news conference at Remington Lofts on Sweeney Street in North Tonawanda, a former industrial plant that was renovated into apartments and a restaurant, in part with financial aid from both types of tax credits.

Gov. Andrew M. Cuomo proposed in his tentative state budget that most tax credits for projects already underway should be deferred for three years, and some refundable credits should be put off for five years.

Jacobs, R-Buffalo, and Ortt, R-North Tonawanda, said the GOP-led Senate should restore the tax credits when it passes its version of the budget.

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