Skip to content

Implementation of the Affordable Neighborhoods for New Yorkers Tax Incentive Benefits Program

Print Friendly, PDF & Email


Rule status: Adopted

Agency: HPD

Effective date: January 15, 2025

Proposed Rule Full Text
Proposed-RPTL-485-x-Rules.pdf

Adopted Rule Full Text
RPTL-485-x-Final-Rules.pdf

Adopted rule summary:

The adopted rules implement the Affordable Neighborhoods for New Yorkers Tax Incentive Benefits Program (RPTL Section 485-x), which was enacted by the State Legislature in Chapter 56 of the Laws of 2024.

Comments are now closed.

Online comments: 2

  • RGB Victim

    Hi, How do we get the same breaks for existing rent stabilized properties? We are struggling too.

    Comment added October 25, 2024 9:56pm

  • Moshe Gutman

    Hi,

    Please see attached PDF with our comments

    Sincerely Yours
    Thanks

    Moshe Gutman
    RE Tax Service, LLC

    Comment attachment
    485-x-proposed-rules-comment-11.5.pdf
    Comment added November 5, 2024 4:39pm