New York Authorizes Certain Affordable Housing Property Tax Abatement

The New York Governor signed a law that includes authorizing, effective May 28, a property tax abatement for alterations and improvements to multiple dwellings for purposes of preserving habitability in affordable housing. The law took effect on May 28, with certain effective dates as specified in the law. [A. 10006, enacted 05/28/26]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.