New York Tax Abatements Now Tied to Prevailing Wages
New York City Tax Abatements Now Linked to Prevailing Salaries

< iframe width="480" elevation="320" src="https://www.youtube.com/embed/m1jEN3N6WgY?rel=0" frameborder="0" allowfullscreen >< img style="float: left; margin:0 5px 5px 0;" src="https://taxdr.org/wp-content/uploads/2021/11/rB20tt.jpg"/ > On Labor Day 2021, New York City Governor Kathy Hochul signed Senate costs S6350A. This legislation bans most private system owners or shareholders in condos or cooperatives from obtaining or keeping tax obligation reductions under area 467-a of the real estate tax obligation regulation if their structures do not pay their solution workers prevailing salaries. View our interactive discussion as we assess the details of the regulation as well as its influence on your association's budget plan. Panelists include: - Sarah K. Mannix, Partner, Clifton Budd & DeMaria, LLP - Robert A. Sparer, Partner, Clifton Budd & DeMaria, LLP - Meagan Mooney, Vice Head Of State, Client Financing, AKAM - Elise Rosemarin, Senior Citizen Vice Head Of State, AKAM This webinar was videotaped on November 2, 2021. #CondoBoardTips #CoopBoardTips #PrevailingWages