Laws & Taxes

Laws & Taxes

Higgins Fights For Solar Investment Tax Credit Extension on House Floor

Congressman Brian Higgins (NY-26) spoke on the House floor to urge Congress to extend the Solar Investment Tax Credit (ITC) as part of the Tax Increase Prevention and Real Estate Investment Act 2015. The bill seeks to promote economic growth by extending tax provisions that have expired or will expire in the near future. Higgins, with Rep. Richard Hanna, also led on a bipartisan letter sent to House leadership calling for the extension.

A.G. Schneiderman, Governor Cuomo, Mayor De Blasio, And State And City Housing Agencies Announce...

Attorney General Eric T. Schneiderman, Governor Andrew M. Cuomo, and Mayor Bill de Blasio, joined by Commissioner James S. Rubin of  New York State Homes & Community Renewal (“DHCR”)  and Commissioner Vicki Been of the City’s Department of Housing Preservation and Development (“HPD”),  announced today that 128 landlords receiving lucrative tax benefits under Section 421-a of the New York Real Property Tax Law are now registering 1,823 market-rate apartments across New York City as rent-stabilized


LSNYC is gratified that the New York City Council and Mayor de Blasio have given New York City tenants new protections against aggressive "buy-out" practices used to force tenants out of their homes


Tax Incentive Allows Businesses, Residents, and Municipalities to Install Solar Panels; However, They Only Receive These Benefits Upon Completion of the Project; With New Installations Contemplated in Rose, Williamson, City of Rochester, Henrietta, and Parma, Uncertainty About Solar Tax Credit’s Future Could Hamper Growth of Burgeoning Local Solar Companies

State Board of Real Property Tax Services Will Meet Wednesday, August 19

The State Board of Real Property Tax Services will meet at 11:00 a.m. Wednesday, August 19, 2015. The meeting will be held in Conference Room A on the second floor of Building 9 on the W.A. Harriman State Campus in Albany.

EC Real Property Tax Services to Present Tax Foreclosure Seminar

The Erie County Department of Real Property Tax Service has announced it will be holding its annual seminar on how to purchase tax foreclosed properties. The seminar, titled “How to Purchase Tax Foreclosed Properties," will be hosted by the Director of Real Property Tax Services, Joseph L. Maciejewski and will offer insight into the foreclosure process as well as the procedure for purchasing these properties at the next tax foreclosure sale.

Senate Passes Bill That Provides $3.1 Billion in New Property Tax Relief, Extends the...

The New York State Senate today passed an end-of-session measure that will bring $3.1 billion in new tax relief to property owners, extend the existing property tax cap to deliver additional savings and create new jobs, improve affordable housing statewide, and continue the Senate’s ongoing commitment to ensuring that every child has access to a quality education.


At 10:00 last night, the Governor announced that the legislature had failed to extend New York State rent stabilization and rent control laws and that those protections for tenants would expire, at least for the next few days. The assumption is that the laws will eventually be extended, and that tenants will again be protected, but that there may be a short period during which the protections have ended

Hoylman Blasts Senate Republicans on Expiring Rent Laws

State Senator Brad Hoylman said: “Tonight, by allowing New York's rent laws to expire, State Senate Republicans are toying with the lives of more than two million New Yorkers. Rather than renewing and strengthening these important laws, my misguided Republican colleagues have passed phony ‘one house’ legislation that would fundamentally undermine the rent laws themselves

Assemblymember Barrett: New York State Recognizes Veterans for Their Remarkable Service

Assemblymember Didi Barrett (D-Columbia, Dutchess) announced the passage of legislation she authored that will ensure veterans of recent conflicts receive the property tax exemption they deserve. The bill specifically directs the Division of Veterans' Affairs to remind assessors that veterans of the Afghanistan and Iraq wars are eligible for the veterans alternative real property tax exemption

Statement From A.G. Schneiderman On Rent Laws

Attorney General Eric. T Schneiderman released the following statement today on New York City's expiring rent regulation laws

DiNapoli: Finger Lakes Group Homes Overpaid for Food and Supplies, Wasting Taxpayer Money

The state’s Office for People with Developmental Disabilities’ Finger Lakes Developmental Disabilities Service Office (DDSO) skirted state procurement laws for more than 1,400 purchases worth more than $1 million, gave one vendor an unfair advantage in obtaining the state’s business and overpaid for hundreds of household items


Sibley Building Currently Planning $200 Million Redevelopment, But Requires New Market Tax Credits to Move Forward on Plans – In Last Year’s “Fiscal Cliff” Deal, Schumer Secured Extension & Funding of NMTC

REALTOR Lobby Day will bring push for tax cap extension

REALTORS from across New York State will travel to Albany on Tuesday, June 9, to show their support for an extension of the state’s successful property tax cap, which has helped make homeownership more affordable for both new and long-time New York homeowners.

Governor Cuomo Releases Report Detailing Property Tax Cap Success in New York

Governor Andrew M. Cuomo today released a report (available here) detailing the success of the property tax cap in delivering tax relief for New York families and businesses. In addition, the Governor traveled to Nyack, New York in Rockland County to urge the State Legislature to extend the two percent property tax cap this legislative session.

Brewer and Mendez celebrate mayor’s signature of new tenant notification law

Manhattan Borough President Gale A. Brewer and Council Member Rosie Mendez today celebrated Mayor Bill de Blasio's signature of Int. 222, legislation requiring landlords provide tenants with advance notice for non-emergency repair work that will result in disruptions to building services

Senate Passes Measure Providing Greater Property Tax Relief for Seniors

The New York State Senate today passed legislation (S1074), sponsored by Senator Martin J. Golden (R-C-I, Brooklyn), that would increase the maximum income eligibility levels for real property tax exemptions for seniors for the first time since 1994. This measure would allow more senior citizens to receive increased relief from their local real property taxes.

A.G. Schneiderman Announces Settlement With Walmart Over Alleged Violations Of NYS Water Protection Law

Attorney General Eric T. Schneiderman today announced a settlement with Wal-Mart Stores, Inc. over alleged violations of a 2010 state law designed to reduce water pollution caused by excess phosphorus that runs off of lawns into New York waters. The Nutrient Runoff Law requires stores to display phosphorous-containing lawn fertilizers separately from those that are phosphorus-free, and post signs notifying consumers about the legal restrictions on using phosphorus-containing lawn fertilizer.

Senate Passes Bill to Prevent Property Tax Increases Due to Costly State Mandates

The New York State Senate today passed a bill to help control property tax increases by preventing large unfunded mandates from affecting municipal and school district budgets. The bill (S3144), sponsored by Senator Rich Funke (R-C-I, Fairport), would require the state to fund costly mandated programs or services, instead of placing the burden on local governments and property taxpayers

A.G. Schneiderman Announces Arrest Of Long Island Man For Attempted Residential Mortgage Fraud In...

Attorney General Eric T. Schneiderman today announced the arrest of Fedlaire Aristide, 47, of Freeport, N.Y., for allegedly attempting to defraud Wells Fargo in a short sale scam that would have cost the bank hundreds of thousands of dollars.


Significant disparities in support for the MTA: City contributed 68 percent of MTA’s operating budget in FY14 while the State paid for just 4 percent. City also contributes nearly $300 million annually over the last decade in capital funding to the MTA


U.S. Senator Charles E. Schumer today urged the U.S. Department of Agriculture (USDA) to meet with locals in the Village of Avon in Livingston County to help find ways to make repairs and upgrades to its storm water infrastructure possible in order to prevent future flood damage. Schumer explained that in July 2014 and May 2015, the small village and its residents and businesses experienced severe damage due storm-induced flooding

A.G. Schneiderman Announces Prison Sentence For Attorney Who Ran Million-Dollar Mortgage Fraud Scheme

Attorney General Eric T. Schneiderman today announced the sentencing of licensed attorney Theresa Sanders, 56, of Fabius, New York, to 2 1/3 to 7 years in state prison. Sanders pleaded guilty earlier this year for her role in a million-dollar mortgage fraud ring that operated in the Syracuse area for years, preying upon both first-time home buyers and institutional lenders.

NYS Tax Department Reminds Property Owners to Check Assessments Ahead of May 26th Grievance...

The New York State Department of Taxation and Finance today reminded all property owners - including homeowners and businesses - to check their assessments for accuracy. The deadline to contest your property assessment, also known as "Grievance Day," is May 26th in most communities

Senate Passes Bill Making the Property Tax Cap Permanent, Saving Taxpayers Billions of Dollars

The New York State Senate today acted on one of its top end-of-session priorities by passing legislation to make the property tax cap permanent. The bill (S5597), sponsored by Senate Majority Leader John Flanagan (R-C-I, East Northport), would prevent the planned expiration of the tax cap to continue saving taxpayers billions of dollars each year, increase investments by businesses, and create more jobs




Standing with Saratoga County homeowners and amidst rising local anxiety, today U.S. Senate Minority Leader Charles E. Schumer launched a push to preserve popular, but increasingly at-risk tax deductions Saratoga homeowners and taxpayers depend upon to keep the Capital Region’s cost of living in-check. Whether new Saratoga homeowners, longtime owners, or those looking to buy right now, Schumer said locals are in tax jeopardy as newly-confirmed U.S. Treasury Secretary Mnuchin has suggested threats to mortgage, state and local property tax deductions.