With the citywide elections on the horizon, including a ballot initiative for a statewide Constitutional Convention, it is imperative that every eligible New Yorker make their voice heard in 2017.
On or before May 1 of each year, The Department of Finance is required to submit an annual report to the New York City Council no later than May 1 detailing the activities of OTA during the preceding year
This report presents statistical information for tax year 2012 for the three New York City
business income taxes: the Banking Corporation Tax (BCT), the General Corporation Tax
(GCT), and the Unincorporated Business Tax (UBT).
New York Banking Commission Agenda and Meeting Minutes :
1 Approve banks as NYC Designated Banks
2. Recommend to the City Council interest rates for the early and late payment of real estate taxes; and
3. Administer the City’s Banking Development District (BDD) Program
The findings of the Temporary Lien Sale Taskforce, required by LL13/2015, AC 11-356, incl. (i) recommendations for administrative or legislative changes; (ii) any findings or facts that support such recommendations, (iii) evaluation of installment agreements and consideration of prospective changes.
Since the average tax rate remained at $12.283 per $100 of assessed value, the increase in
taxable BAV resulted in $1,553.5 million in additional property tax levy for FY 2016.
The sale of tax liens is an enforcement mechanism used in cities throughout the
country. The New York City Tax Lien Sale program (the Program) originated in 1996
with the intent of improving real property tax compliance, and as a last-resort
enforcement and collection mechanism