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In New York City, the STAR Program is a tax exemption for those who applied before Fiscal Year 2015-2016 and a tax credit there after for new applicants. [3] The program, which acts similarly to (but is much less extensive than) homestead exemptions in other states, was enacted on August 7, 1997, [ 1 ] a product of the annual budget of then ...
The law authorized nonprofit entities to establish cemeteries on rural land and sell burial plots, and it exempted from property taxation land that was so used. [3] A few rural cemeteries had been established in New York before the new law was passed (including Green-Wood Cemetery in 1838 and Albany Rural Cemetery in 1844), but the law's passage soon led to the establishment of more new ...
There was a concern in the 1970s that residential housing construction was declining as people moved from New York City to the suburbs. [8] In response to this trend, the state passed the original 421-a tax exemption program in 1971, with the goal of encouraging the construction of more residential housing in the city. [9]
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The New York State Office of Tax Enforcement (OTE) is a law enforcement entity of the New York State Department of Taxation and Finance (DTF) that conducts criminal and civil investigations. The office is divided into two bureaus, the Petroleum, Alcohol and Tobacco Bureau (PATB) and the Revenue Crimes Bureau (RCB) that was recently renamed to a ...
Andrew Sloan Draper: 1904–1913 [2]: John Huston Finley: 1913–1921 Frank Pierrepont Graves: 1921–1940 Ernest E. Cole: 1940–1942 George D. Stoddard: 1942–1945
In June 2015, the New York State Legislature enacted the Rent Act of 2015. [29] Rent laws were extended four more years through 2019. Increased the minimum rent for high-rent or high-income deregulation of an apartment to $2,700, which will be adjusted each year by the one-year increase allowed by the Rent Guidelines Board. [30]
At various times in the past, the New York state government has taken money from NYSIF's reserves to cover other budget shortfalls. Between 1982 and 1990, $1.3 billion was transferred to the state's general fund under Governor Mario Cuomo. In 1996 the practice was banned by state law.
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