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: | 2021 |
Program name: | Commercial Conversion Programs 421-a, 421-b, 421-g |
Program purpose: | Construction/rehabilitation |
Statutory authority: | New York State Real Property Tax Law (RPTL): Article 4, Title 2, Sections 421-a, 421-b, 421-g |
Abating jurisdiction(s): | City of New York |
Applicable taxes: | Real Property Tax |
Method of abatement: | Reduction of assessed value; Tax Credit |
Provisions for recapture: | (no provisions for recapture) |
Gross revenue loss: | $1,730,100,000 |
Reimbursement / offset: | $0 |
Net revenue loss: | $1,730,100,000 |
Type of loss: | Active |
Additional notes on dislosure: | (none) |