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421a Partial Tax Exemption for New Multiple Dwellings Application - New York City
421a Multiple Dwellings Application is a legal document that was released by the New York City Department of Finance - a government authority operating within New York City.
FAQ
Q: What is the 421a Partial Tax Exemption for New Multiple Dwellings?A: The 421a Partial Tax Exemption is a program in New York City that provides tax benefits for developers of new multiple dwellings.
Q: Who is eligible to apply for the 421a tax exemption?A: Developers of new multiple dwellings in New York City are eligible to apply for the 421a tax exemption.
Q: What are the benefits of the 421a tax exemption?A: The 421a tax exemption can provide developers with reduced property taxes for a specific period of time, which can help make the development more financially viable.
Q: How long does the 421a tax exemption last?A: The length of the tax exemption period can vary depending on the specific project and location, but it is typically for a period of 10 to 15 years.
Q: What are the requirements to qualify for the 421a tax exemption?A: To qualify for the 421a tax exemption, developers must meet certain requirements, such as providing a certain percentage of affordable housing units in their development.
Form Details:
- Released on October 10, 2019;
- The latest edition currently provided by the New York City Department of Finance;
- Ready to use and print;
- Easy to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a printable version of the form by clicking the link below or browse more documents and templates provided by the New York City Department of Finance.
Download 421a Partial Tax Exemption for New Multiple Dwellings Application - New York City
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