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.
The New York City Advisory Commission on Property Tax Reform today released its final report with recommendations to create a simpler, clearer and fairer property tax system.
This report is submitted as required by Section 168.f of the New York City Charter. The New York City Tax Appeals Tribunal has jurisdiction over petitions filed by taxpayers protesting statutory notices issued by the Department of Finance for all non-property income.
New York City By the Numbers: IBO has updated the fiscal history section of our website with new data on New Yorkers’ income and personal income tax liability. The new data, the most recent available, covers the 2019 tax year. See some highlights from our updated tables.
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.
Due to a change to the Child Tax Credit, families can get half of the fully refundable credit—worth up to $3,600 per child—as advance monthly payments in 2021 and the other half as a refund in 2022.
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 2021 (June 1, 2020 – May 31, 2021) returns and CRT collections data from Department of Finance records.
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 2021 (June 1, 2020 – May 31, 2021) returns
and CRT collections data from Department of Finance records.