New York City becomes final region in state to reach Phase 4 of reopening. On July 20, 2020, New York City officially entered a modified Phase 4 of the State’s reopening plan. Phase 4 in New York City marks the final stage of the State’s plan but should not be understood to mean that all industries, businesses and practices are back to pre-COVID-19 operations. Phase 4 industries include low-risk outdoor arts and entertainment, professional sports … <Read More>
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City Council Intends to Aid Property Owners with Two Tax Deferment Bills
Public Hearing hinges on interest rates and how property tax deferments affect the City budget. On June 18, 2020, the City Council officially introduced two bills that would defer July 1, 2020, property tax liabilities for COVID-19 impacted property owners. One bill addresses the tax liabilities of primary residences and the other addresses the tax liabilities of businesses affected by the pandemic. The bills were originally heard as preconsidered bills at the June 10, 2020, … <Read More>