Proposed Changes to Rules Regarding the Application of the Coop/Condo Tax Abatement


Recently the Department of Finance circulated proposed changes to Section 1 of Title 19 of the Rules of the City of New York with the addition of Chapter 50.  The purpose of Chapter 50 is to clarify the criteria for eligibility for the Coop/Condo Abatement for the fiscal years beginning in 2012, 2013 and 2014.  It is anticipated that the rules will be adopted as proposed.

A copy of the full text of the proposed regulations is available at Co-op condo abatement rules proposed 2013 8 28.