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Adopted Rules: Closed to Comments

Adopted Rules Content: 

HPD’s rule amendments conform the proof of the applicant's actual expenditures required as part of the application for J-51 benefits to the relevant professional standards for Certified Public Accountants. The amendments allow Certified Public Accountants to provide HPD with satisfactory evidence of the J-51-related cost of construction while avoiding any conflict with professional standards by using terms consistent with the relevant professional standards for “attest engagements.”

Effective Date: 
Thu, 11/23/2017

Proposed Rules: Closed to Comments

Agency:
Comment By: 
Tuesday, October 10, 2017
Proposed Rules Content: 

HPD’s proposed rule amendments would conform the proof of the applicant's actual expenditures required as part of the application for J-51 benefits to the relevant professional standards for Certified Public Accountants. The proposed amendments would allow Certified Public Accountants to provide HPD with satisfactory evidence of the J-51-related cost of construction while avoiding any conflict with professional standards by using terms consistent with the relevant professional standards for “attest engagements.”

Subject: 

Proposed Amendments to Rules Governing J-51 Applications

Location: 
HPD
100 Gold Street, Room 9-V6
New York, NY 10038
Contact: 

No contact

Download Copy of Proposed Rule (.pdf):