Date: Thursday, January 23, 2020
Time: 2:00 p.m. – 5:10 p.m.
Location: 185 West Broadway, (Bet. Worth and Leonard Sts.), Auditorium
*Registration: $250 General Admission / $100 NYC Agency Attorneys
CLE: 3.5 Transitional and Nontransitional CLE Credits: 3.0 in Professional Practice and 0.5 in Ethics and Professionalism
When: Wednesday, January 23, 2019
Time: 2:00PM to 5:00PM
Check In: 1:30PM to 2:00PM
Where: New York Law School, 185 West Broadway, New York, New York 10013
Credits: 3.0 Transitional and Nontransitional CLE credits – 2.5 in Professional Practice and .5 in Ethics and Professionalism (more…)
Image credit: City of New York, Office of the Comptroller.
Comptroller calls for an expansion of property tax relief programs in the City. On September 6, 2018, New York City Comptroller Scott M. Stringer issued a report detailing property tax increases in the City from 2005 to 2016 and their effect on households at different income levels. The report highlights the dramatic impact that these increases have had, particularly on households with incomes below $50,000 and the inability of existing property tax relief programs to ease the burden of taxpayers at this income level. The report shows how the City tax relief programs fare in comparison to other states that offer tax benefit programs, specifically Maryland and Washington D.C, where benefits are higher and more expansive. The report is a call to policy makers and the recently established NYC Advisory Commission on Property Tax Reform to re-evaluate the impact of property tax increases and the ineffectiveness of existing tax benefit programs in order to turn New York City’s tax system from a regressive one to a progressive one. To read CityLand’s prior coverage on NYC Advisory Commission on Property Tax Reform, click here (more…)
Mayor Bill de Blasio. Image Credit: Benjamin Kanter/Mayoral Photo Office.
Advisory commission will conduct comprehensive review of property tax system. On May 31, 2018, Mayor De Blasio announced the formation of an advisory commission to develop recommendations to reform the City’s property tax system. The reform aims to make the property tax system simpler, clearer, and fairer, as well as ensure that there is no reduction in revenue used to fund essential City services. The property tax system has not had an in-depth review by such commission since 1993. (more…)
NYC HPD
The revised Section 421-a offers new opportunities for affordable housing. The 421-a property tax exemption began in 1971 as an incentive for developers to develop badly needed housing in New York City. When the real estate market rebounded in the 80s, the program was amended to condition tax abatements on the construction of affordable housing units. The program expired in June 2016. In its place, the State Legislature passed the “Affordable New York” program in 2017. (more…)
In a Reader
