State Senator Brad Hoylman

Co-op tax relief bill passed by Legislature
News Melissa Chan 1/29/2013 at 1:04PM

The State Legislature has passed a long-awaited tax relief bill for city co-op and condo owners, despite a cluster of lawmakers who voted against it. The bill, approved by the State Senate and Assembly, includes raising a partial tax abatement from 17.5 percent to 25 percent and extending the J-51 program to June 30, 2015. [...]