The New York City Department of Finance recently announced that property tax and abatement renewals are due January 5, 2023. Notification letters were sent to all benefit recipients to renew not-for-profit, Industrial and Commercial Incentive Program, and Industrial and Commercial Abatement Program benefits.
Recipients of these notices must provide the New York City Department of Finance with confirmation that the property continues to be used for its exempt purpose by filing a Certificate of Continuing Use by January 5, 2023. Failure to do so could result in loss of tax benefits.
The local New York City experts at Ryan are available to assist with filing these renewals as well as answering any questions.
TECHNICAL INFORMATION CONTACT:
Steve Thompson
Principal
Ryan
212.871.3901
steve.thompson@ryan.com
The material presented in this communication is intended to provide general information only and should solely be seen as broad guidance and not directed to the particular facts or circumstances of any individual who may read this publication. No liability is accepted for acts or omissions taken in reliance upon the content of this piece. Before taking (or not taking) any action, readers should seek professional advice specific to their situation from Ryan, LLC or other tax professionals. For additional information about this topic, please contact us at info@ryan.com.
- Topics
- Steve Thompson
- Property Tax
- New York