Dinapoli: Federal Funding Uncertainty Jeopardizes Impact of Inflation Reduction Act for New Yorkers

By on    New York State  

Dinapoli: Federal Funding Uncertainty Jeopardizes Impact of Inflation Reduction Act for New Yorkers

  A new report by State Comptroller Thomas P. DiNapoli details New York’s financial impact from the 2022 Inflation Reduction Act (IRA), including close to $2 billion in funds for environmental and energy purposes that could help lower costs to consumers during New York’s transition to clean energy. DiNapoli warns there is now significant uncertainty about whether […]

Resurrected Tax Break Will Help Landlords Comply with Building Emissions Law, Officials Say

By on    New York City  

Resurrected Tax Break Will Help Landlords Comply with Building Emissions Law, Officials Say

By Mariana Simões, CITY LIMITS A new version of the heavily criticized expired J-51 property tax incentive is back. Advocates argue it will encourage landlords to renovate apartments and will help them afford the upgrades needed to comply with the building emissions law, Local Law 97. The boiler room at a co-op building in Queens. Officials […]