Search - Government Publications Portal

Date Published:: 2024-03-26
Description:: The New York City Independent Budget Office (IBO) is announcing the publication of our report Exemption vs Abatement. This report provides policymakers with insights into the tax liability implications of these two different ways of structuring any new 421-a replacement program.
Agency:: Independent Budget Office, NYC (IBO)
Subject(s):: Housing, Taxation - Real Property, and Taxation - Exemption from
Report Type:: Reports - Other (Consultant/Staff)

Date Published:: 2024-03-26
Description:: Press release for the New York City Independent Budget Office's report "Exemption or Abatement? Structure of Proposed New 421-a Program Has Implications for All Property Tax Bills."
Agency:: Independent Budget Office, NYC (IBO)
Subject(s):: Taxation - Real Property and Taxation - Exemption from
Report Type:: Press Releases

Date Published:: 2023-10-02
Description:: The Senior Citizen Rent Increase Exemption (SCRIE) ombudsperson and Disability Rent Increase Exemption (DRIE) ombudsperson positions were created by the New York City Council in 2015 to investigate and address issues concerning the Rent Freeze Program.
Agency:: Finance, Department of (DOF)
Subject(s):: Taxation - Exemption from and Finance
Report Type:: Reports - Annual

Date Published:: 2023-09-15
Description:: The City Charter requires that the Office of Management and Budget (OMB) publish documentation of forecasting methodologies used for projecting tax revenues for those taxes which account for five percent or more of total City tax revenues.
Agency:: Management and Budget, Office of (OMB)
Subject(s):: Taxation - Real Property, Taxation - Exemption from, and Taxation
Report Type:: Budget / Finance

Date Published:: 2023-07-11
Description:: IBO's review of the tax break, under Local Law 18 of 2017, was released as NYC Council is about to consider MSG’s DCP application to renew its zoning special permit. It also coincides with a reignited debate on the future of the beleaguered & over-capacity Penn Station that lies below MSG.
Agency:: Independent Budget Office, NYC (IBO)
Subject(s):: Taxation - Exemption from and Taxation - Real Property
Report Type:: Reports - Other (Consultant/Staff)

Date Published:: 2023-07-11
Description:: The Independent Budget Office's press release for its report examining Madison Square Garden's tax exemption.
Agency:: Independent Budget Office, NYC (IBO)
Subject(s):: Taxation - Exemption from and Taxation - Real Property
Report Type:: Press Releases

Date Published:: 2022-06-06
Description:: Without action from state lawmakers last week, the 421-a tax exemption will expire on June 15, 2022. However, even if the program is not renewed in a future session, it will continue to cost the city property tax revenue for years to come.
Agency:: Independent Budget Office, NYC (IBO)
Subject(s):: Taxation - Exemption from and Taxation - Real Property
Report Type:: Reports - Other (Consultant/Staff)

Date Published:: 2022-03-31
Description:: Included in its Preliminary Budget, the Adams Administration proposed 3 tax programs: one to enhance the value of city’s EITC, which increases the value of wages and salaries for low- and moderate-income tax filer; as well as 2 tax breaks to incentivize the development of childcare programs in NYC
Agency:: Independent Budget Office, NYC (IBO)
Subject(s):: Taxation, Taxation - Exemption from, and Taxation - Real Property
Report Type:: Reports - Other (Consultant/Staff)

Date Published:: 2021-10-20
Description:: The ombudspersons provide data regarding their work at the end of each fiscal year and make annual recommendations to the Department of Finance (DOF) commissioner regarding Rent Freeze Program operations.
Agency:: Finance, Department of (DOF)
Subject(s):: Taxation - Exemption from and Finance
Report Type:: Reports - Annual

Date Published:: 2021-10-08
Description:: With manufacturing jobs in New York City declining, the New York City Industrial Development Agency, under the Giuliani Administration, created the Industrial Program in 1995. This report looks at the evolution and effectiveness of the program.
Agency:: Independent Budget Office, NYC (IBO)
Subject(s):: Business, Taxation, and Taxation - Exemption from
Report Type:: Studies

Search Results