State of Tax: NYC Housing Break, Boston Deal on Residential Hike

The week in state tax news: As New York City approaches public hearings on proposed rules for a new tax break aimed at spurring multifamily housing, developers and tax lawyers say some of what the city’s offered so far lacks detail and could throw up additional barriers to development. Meanwhile, the Washington Supreme Court upheld a narrow definition of what “investments” can be deducted, and Boston found a way to avoid a sudden tax hike on homeowners.

Developers Concerned by NYC Housing Tax Break Rules

Proposed rules for new tax breaks to spur office conversions and multifamily housing in New ...