Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.
| State: | New York |
| Effected Jurisdiction: | New York City |
Jurisdiction type: | Municipality |
| Fiscal year ending In: | 2021 |
| Program name: | Relocation and Assistance Program (REAP), Lower Manhattan Relocation and Employment Assistance Program for Eligible Benefits (LMREAP-EB) and Lower Manhattan Relocation and Employment Assistance Program for Special Eligible Benefits (LMREAP-SEB) |
| Program purpose: | Business attraction/retention/expansion |
| Statutory authority: | NYC Administrative Code: Title 11, Chapter 6, Subchapter 3, Part 4, Section 11-643.9, 11-1105.211-1105.3 |
| Abating jurisdiction(s): | City of New York |
| Applicable taxes: | General Corporation Tax; Banking Corporation Tax; Unincorporated Business Tax; Utility Tax |
| Method of abatement: | Tax Credit |
| Provisions for recapture: | (no provisions for recapture) |
| Gross revenue loss: | $28,000,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $28,000,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
