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 or Territory: | New York |
| Effected Jurisdiction: | New York City |
Jurisdiction type: | Municipality |
| Fiscal year ending In: | 2020 |
| Program name: | Build NYC Tax Abatement Program |
| Program purpose: | Construction/rehabilitation |
| Statutory authority: | New York Not-for-Profit Law: Section 411 |
| Abating jurisdiction(s): | City of New York |
| Applicable taxes: | Mortgage Recording Tax |
| Method of abatement: | Tax Exemption |
| Provisions for recapture: | Change in utilization within ten years |
| Gross revenue loss: | $1,023,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $1,023,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
