New York City Council Header
Meeting Name: Committee on Finance Agenda status: Final
Meeting date/time: 10/4/2018 10:00 AM Minutes status: Final  
Meeting location: Committee Room - City Hall
Published agenda: Agenda Agenda Published minutes: Minutes Minutes  
Meeting video:  
Attachments: CLICK ANY FILE # BELOW (in blue) TO ACCESS ATTACHMENTS
File #Ver.Prime SponsorAgenda #Agenda NoteNameTypeSummaryActionResultAction DetailsMultimedia
            Roll call Not available
Int 1038-2018 *Barry S. Grodenchik  Amending the requirement that a statement of income and expense certified by a certified public accountant be provided in order for an income-producing property to be granted a reduction in real property assessment by the tax commission.IntroductionThis local law would increase the threshold for when an income-producing property is required to provide a certified statement of income and expense in order to receive an assessment reduction by the Tax Commission from an assessed value of $1 million to an assessed value of $5 million. The local law would also index the threshold to changes in the aggregate assessed value of all properties in tax classes two and four.Hearing Held by Committee  Action details Not available
Int 1038-2018 *Barry S. Grodenchik  Amending the requirement that a statement of income and expense certified by a certified public accountant be provided in order for an income-producing property to be granted a reduction in real property assessment by the tax commission.IntroductionThis local law would increase the threshold for when an income-producing property is required to provide a certified statement of income and expense in order to receive an assessment reduction by the Tax Commission from an assessed value of $1 million to an assessed value of $5 million. The local law would also index the threshold to changes in the aggregate assessed value of all properties in tax classes two and four.Laid Over by Committee  Action details Not available