Two bills sponsored by Assemblyman Edward Braunstein to provide tax relief to middle-class New York City cooperative and condominium owners have been passed in the Assembly and Senate.
A.7758 expands the J-51 program, and A.4972A extends the property tax abatement available to co-op and condo owners. Additionally, Braunstein has introduced bill A.5050, aimed at providing financial relief to co-op and condo buildings should Local Law 97 take effect as scheduled.
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