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The 421-a tax exemption is a property tax exemption in the U.S. state of New York that is given to real-estate developers for building new multifamily residential housing buildings in New York City. As currently written, the program also focuses on promoting affordable housing in the most densely populated areas of New York City.
Real estate developers have enjoyed a tax exemption called 421a for the last five years which has facilitated building in New York City through the coronavirus pandemic and the resulting worst real...
The New York State Department of Taxation and Finance (NYSDTF) is the department of the New York state government [1] responsible for taxation and revenue, including handling all tax forms and publications, and dispersing tax revenue to other agencies and counties within New York State.
After construction Belaire enjoyed reductions in its property taxes for 10 years as a result of Section 421-a tax exemption certificates, a New York City affordable housing program. [3] This happened because another company renovated 30 apartments at the Spring Creek Gardens complex in East New York and sold the tax benefits it accrued to the ...
The Department of Buildings cannot revoke a professional's license to practice Architecture or Engineering, as that is controlled by the New York State Office of the Professions. However, since 2007 the State has allowed the DOB to refuse to accept plans filed by individuals who have been found to abuse the Self Certification process (or other ...
In New York City, the STAR Program is a tax exemption for those who applied before Fiscal Year 2015-2016 and a tax credit there after for new applicants. [3] The program, which acts similarly to (but is much less extensive than) homestead exemptions in other states, was enacted on August 7, 1997, [ 1 ] a product of the annual budget of then ...
The New York State Office of Tax Enforcement (OTE) is a law enforcement entity of the New York State Department of Taxation and Finance (DTF) that conducts criminal and civil investigations. The office is divided into two bureaus, the Petroleum, Alcohol and Tobacco Bureau (PATB) and the Revenue Crimes Bureau (RCB) that was recently renamed to a ...
In 1920, New York adopted the Emergency Rent Laws, which effectively charged the courts of New York State with their administration. [ 19 ] [ 20 ] [ 21 ] The rent laws were the result of a series of widespread rent strikes in New York City from 1918 to 1920 that had been sparked by a World War 1 housing shortage, and the subsequent land ...