Testimony of Alaina Turnquist, Lead Budget and Policy Analyst New York City Independent Budget Office To the New York City Council Committees on Finance and Oversight and Investigation On IBO’s Research and Fiscal Projections for NYC Legal Cannabis Market.
The Real Property Transfer Tax (RPTT) is imposed on the consideration for the following conveyances or transfers where the consideration exceeds $25,000.
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.
This report provides data on Commercial Rent Tax (CRT) liability at the taxpayer and premises level. The data sources for this report are taxpayers’ CRT tax year 2023 (June 1, 2022 – May 31, 2023) returns and CRT collections data from Department of Finance records.
High expectations: if it can overcome initial growing pains, the NYC legal cannabis market could bring in $1.2 billion in taxable tales and $47 million in annual revenue for the city
Tax Appeals Tribunal of the City of New York July 1, 2022 - June 30, 2023 Annual Report. This report is submitted as required by Section 168.f of the New York City Charter.
New York City Emergency Management is responsible for the NYC Community Emergency Response Team (CERT) program and distributes this weekly CERT newsletter to all active members so that they stay up-to-date on new opportunities, policies and initiatives that affect their membership.
The total citywide market value of fully and partially taxable property approached $1.4 trillion, about 7.8 percent higher than in FY 2022. Growth was higher in Class Two (9.1 percent) and Class Four (9.7 percent) compared to Class One (6.6 percent) and Class Three (5.4 percent).
This report highlights OTA’s work from January 1, 2022, through December 31, 2022. Since its establishment, OTA has assisted thousands of taxpayers with questions and contributed to the delivery of excellent customer service.
New York City Mayor Eric Adams today announced the launch of a $1.5 million multimedia marketing campaign to promote the expanded New York City Earned Income Tax Credit (NYC EITC), which is available to eligible New Yorkers during this year’s tax season.
New York City Mayor Eric Adams today announced the launch of a $1.5 million multimedia marketing campaign to promote the expanded New York City Earned Income Tax Credit (NYC EITC), which is available to eligible New Yorkers during this year’s tax season.
The Mayor's Press Office releases information about notable events and actions taken by the Mayor, as well as transcripts of all media conferences, radio shows, and ceremonies that the Mayor attends.
DOF is amending the rules for the SCRIE and DRIE Programs.
These amendments to Chapter 52 were first proposed and published on September 23, 2022. A public hearing was held on October 25, 2022. After receiving and reviewing public comments, DOF has adopted this final rule.
This report, mandated by the New York City Charter, identifies and describes tax expenditure programs related to taxes administered by the City and provides tax expenditure estimates based on available data.
This report, mandated by the New York City Charter, identifies and describes tax expenditure programs related to taxes administered by the City and provides tax expenditure estimates based on available data.
New York City Mayor Eric Adams and New York City Department of Consumer and Worker Protection (DCWP) Commissioner Vilda Vera Mayuga kicks off the tax season and encouraged New Yorks to file their taxes.
New York City Mayor Eric Adams announces the Capital Process Reform Task Force to cut years off the city’s capital project delivery process and save New York City taxpayers tens of millions of dollars every year.