The New York City Council voted to pass three bills sponsored by Council Member and Deputy Leader Jumaane D. Williams. The three bills change Department of Buildings (DOB) permit filing fees and provide an extension of the J-51 tax exemption / abatement program.
Int. No. 831 alters permit filing fees for certain new building and alteration permit applications filed with DOB. The bill decreases fees for 1-, 2- and 3- family homes and increases fees for larger buildings.
"Decreasing new building and alteration filing fees will lessen the financial burden on our smaller building owners and encourage the maintenance of their properties. There is an increase in fees for larger developments included, as well. Permit fees have not been adjusted since 1991, and doing so will modernize the fee structure," saidCouncil Member Williams.
Int. No. 1118 and 1119 provides an extension of the tax exemption for the J-51 program for renovations of buildings and single room occupancy housing units.
"The extension of the J-51 tax abatement/exemption program motivates property owners to make improvements on their properties, without the added burden of an onerous tax bill," Council Member Williams said. "Although we passed a straight extender of J-51 today, I look forward to continuing conversations with the Administration, Speaker and stakeholders on how we improve the program in the months and years ahead."
No comments:
Post a Comment