News & Notices Archive

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Interagency Memos of Understanding (MOUs)
Rule Making Actions

November 20, 2018
Commissioner Jiha’s testimony before the NYC Council Finance Committee in support of Intro 1143-2018.

November 1, 2018
FY18 Annual Report on Department of Finance Collection of ECB Judgment Debt

September 25, 2018
Posted two Finance Memorandums
New York City Treatment of IRC § 965 Repatriation Amounts for Tax Year 2017 Under the General Corporation Tax, Unincorporated Business Tax, and Banking Corporation Tax #18-8

Tax Treatment of IRC § 965 Repatriation Amounts for Tax Year 2017 for Business Corporation Taxpayers #18-7

September 13, 2018
Adopted Amendments to the rules governing the fee to be charged for accepting credit and debit cards.

July 3, 2018
Adopted Rules for Real Property Tax Abatement of Major Capital Improvements for Certain Class 2 Properties (effective 8/10/18)

July 2, 2018
Amendment to Rule Relating to Parking Violations

June 29, 2018
Finance Memoranda #18-6  June 29, 2018  Recognition and Allocation of Deferred Income from a Non-Qualified Deferred Compensation Plan

June 21, 2018
Commissioner Jiha's opening remarks from DOF's 1st Annual Pride Celebration.

June 1, 2018
Finance Memoranda #18-5  June 1, 2018  Implementation of the Other Tobacco Products (OTP) Tax

May 8, 2018
DOF Commissioner Jiha testifies before the City Council Finance Committee on the FY19 Executive Budget

April 26, 2018
Posted 2018 Annual Property Tax Report

April 24, 2018
Posted 2017-18 Commercial Rent Tax Annual Return

April 20, 2018
Finance Memoranda #18-4  April 20, 2018  Deemed Repatriation Income under the General Corporation Tax, the Banking Corporation Tax, and the Unincorporated Business Tax

March 29, 2018
Finance Memoranda #18-3  June 1, 2018 Deadline for Limited Withdrawal of the Commonly Owned Group Election Made on a Tax Year 2015 or 2016 Combined Return

March 15, 2018
Finance Memoranda #18-2  Filing Deadlines Extended Due to March 2018 Nor’easters

March 5, 2018
Testimony of Commissioner Jiha on the FY2019 Preliminary Budget.

February 26, 2018
Testimony of First Deputy Commissioner, Michael Hyman, at the oversight hearing on the impact of the federal tax law on New York City.

February 15, 2018
2018 Tax Expenditure Report

February 6, 2018
Finance Memoranda #17-1  Application of IRC §280F Limits to Sport Utility Vehicles

January 18, 2018
Adopted Rules to Waive the deposit fees for Cash Bail or a Partially Secured Bail Bond. (effective 2/17/18)

January 16, 2018
Department of Finance Publishes FY19 Tentative Assessment Roll

 

November 20, 2017
Adopted Rules Governing Mergers and Apportionments of Real Property Tax Lots

November 15, 2017
Michael Hyman, First Deputy Commissioner testified at New York City Council Finance Committee Hearing

November 8, 2017
Adopted amended rules requires Real Property Transfer Tax (RPTT) returns be electronically filed for Staten Island properties

November 1, 2017
FY17 Annual Report on Department of Finance Collection of ECB Judgment Debt

October 23, 2017
Finance Memorandum on Joint State / City Power of Attorney Form

October 18, 2017
On October 18th, NYC Sheriff Joe Fucito and Annette Hill, Assistant Commissioner for Land Records and the City Register testified regarding Intro 1673—Notice of the recording of certain real estate instruments.

October 13, 2017
Finance Memorandum on Reporting Federal and New York State Changes

September 28, 2017
Jeffrey Shear, Deputy Commissioner for Treasury and Payment Services, Testifies Before the NYC Council Committee on Government Operations at the Oversight Hearing on Agency Responses to Failures to Pay Civil Penalties: The Implementation of Local Law 47 of 2016.

September 5, 2017
The Department of Finance is proposing rules that will require Real Property Transfer Tax (RPTT) returns be electronically filed for Staten Island properties.

August 11, 2017
Zal Kumar, Director of Business Tax Services, testifies to the NYC Council Committee on Finance on Pre-Considered Intro 6461.

August 10, 2017
Adopted Amendments to rules that Power of Attorney forms do not require notarization under any circumstances.

August 4, 2017
Posted 2017 Final Lien Sale List.

June 26, 2017
Adopted rules regarding the adjudication of Summonses (also known as Notices of Violation (“NOVs”)) that DOF will issue for certain tobacco violations and synthetic marijuana violations.

June 26, 2017
Adopted rules rule which allows Senior Citizen Rent Increase Exemption and Disability Rent Increase Exemption participants to request additional time.

June 20, 2017
Adopted rules relating to the sale of tax liens in order to expand the list of extenuating circumstances

June 12, 2017
The Department of Finance is proposing rules that Power of Attorney forms do not require notarization under any circumstances.
 
June 12, 2017
Michael Hyman, First Deputy Commissioner testified at the City Council to acknowledge DOF support of Pre-Considered Intro 6286, legislation that would establish that the maximum exemption allowable on qualifying residential real property under the Alternative Veterans Tax Exemption.

June 6, 2017
Real Estate Auction scheduled for June 14, 2017.

May 25, 2017
The Fiscal Year 2018 Final Assessment Roll is Published.

May 11, 2017
The Department of Finance is considering amending a rule which allows Senior Citizen Rent Increase Exemption and Disability Rent Increase Exemption participants to request additional time.

May 5, 2017
Statement of Audit Procedure - Procedure for Basis Adjustments Under Sections 734 and 743 of the Internal Revenue Code.

May 4, 2017
NYC Department of Finance Commissioner Jacques Jiha testified on the Executive FY’18 Budget before the New York City Council Finance Committee.

May 1, 2017
The NYC Office of the Taxpayer Advocate Annual Report

April 28, 2017
The Department of Finance is considering adding rules regarding the adjudication of Summonses (also known as Notices of Violation (“NOVs”)) that DOF will issue for certain tobacco violations and synthetic marijuana violations.

April 21, 2017
Posted 2016 Detailed Annual Sales Reports by Borough

April 18, 2017
The Department of Finance amendment to its rules by adding information from a lessor of a vehicle when the company that owns the vehicle enrolls or renews their enrollment in the Parking Violations Bureau Car Rental Program.

April 17, 2017
Posted Annual Report of the NYC Property Tax for FY'17 including tables.

April 7, 2017
Pay or Dispute parking tickets on your mobile device using NYC's Official Pay or Dispute App.

April 5, 2017
Adopted rule repeals charges to the Annual Vault Charge and Coin Operated Amusement Devices.

March 13, 2017
Adopted Rules sets forth the criteria for commercial and qualifying properties that are eligible for the Industrial and Commercial Abatement Program (“ICAP”).

March 2, 2017
Michael Hyman, First Deputy Commissioner testified at the City Council Preliminary FY ’18 Budget Hearing.

March 1, 2017
Finance Memoranda #17-2 Tax on Capital:  Calculating Liabilities Attributable to Categories of Business Capital

February 15, 2017
Annual Report on Tax Expenditures for Fiscal Year 2017

February 13, 2017
Testimony of First Deputy Commissioner Michael Hyman before the New York City Council Finance Committee on proposals to amend the exemptions in the Commercial Rent Tax.

February 1, 2017
Real Estate Auction scheduled for February 8, 2017.

January 25, 2017
Posted Finance Memoranda regarding Application of IRC §280F Limits to Sport Utility Vehicles.

January 17, 2017
Finance Publishes Fiscal Year 2018 Tentative Assessment Roll.

January 12, 2017
Testimony of First Deputy Commissioner Michael Hyman on legislation that authorizes the City to extend to 2020 the increase in the amount of income a household can receive from $29,000-$50,000 and still be eligible for the Rent Freeze Program.

January 11, 2017
Testimony of Commissioner Jacques Jiha, Ph.D. on legislation that will extend the City’s authority to conduct an annual tax-lien sale.

January 10, 2017
Posted 2016 NYC-1127 - Personal Income Tax & Non-resident NYC Employee Payments Form

January 5, 2017 Posted 2016 Business and Excise tax forms:
Banking Corporation Tax (NYC-EXT, NYC-EXT.1, NYC-1, NYC-1A, NYC-9.5, 9.7B, NYC-9.8, NYC-222B, NYC-399, NYC-399Z, NYC-400B, NYC-579-BCT)

Business Corporation Tax (NYC-EXT, NYC-EXT.1, NYC-2, NYC-2.1, NYC-2.2, NYC-2.3, NYC-2.4, NYC-2.5, NYC-2.5A, NYC-2.5A/BC, NYC-2A, NYC-2A/BC, NYC-2S, NYC-9.5, NYC-9.6, NYC-9.7C, NYC-9.8, NYC-9.10, NYC-222, NYC-245, NYC-300, NYC-399, NYC-399z, NYC-400, NYC-579-COR)

General Corporation Tax (NYC-ATT-S-CORP, NYC-EXT, NYC-EXT.1, NYC-NOLD-GCT, NYC-3A, NYC-3A/B, NYC-3A/ATT, NYC-3L, NYC-4S, NYC-4S EZ, NYC-9.5, NYC-9.6, NYC-9.7, NYC-9.8, NYC-9.10, NYC-222, NYC-245, NYC-399, NYC-399Z, NYC-400, NYC-579-GCT)

Unincorporated Business Tax (NYC-EXT, NYC-NOLD-UBTI , NYC-NOLD-UBTP, NYC-5UB, NYC-5UBTI, NYC-114.5, NYC-114.6, NYC-114.7, NYC-114.8, NYC-114.10, NYC-202, NYC-202EIN, NYC-202S, NYC-204, NYC-WPE, NYC-204EZ, NYC-221, NYC-399 , NYC-399Z , NYC-579-EIN, NYC-579-UBTI, NYC-579-UBTP)

Utility Tax (NYC-9.5UTX, NYC-9.8UTX, NYC-UXP, NYC-UXRB, NYC-UXS)

Additional Business Tax Forms (NYC-E-911, NYC-FP, NYC-HTX, NYC-TCLT)

December 30, 2016
Finance Memoranda regarding Changes to the Mandatory First Installment of Estimated Tax for Businesses.

December 30, 2016
Finance Memoranda regarding Amendments to Tax Return Due Dates

December 27, 2016
How to claim a new Real Property Transfer Tax (“RPTT”) exemption for transfers of real property subject to certain affordable housing restrictions.

November 25, 2016
Update on Audit Issue regarding Business Income Tax eligibility for broker or dealer receipts allocation.

November 23, 2016
Posted 2015 Statistical Profile of the NYC Mortgage Recording Tax.

November 22, 2016
Testimony of Deputy Commissioner Timothy Sheares regarding the 421-a Tax Exemption Program.

November 17, 2016
Posted Notice of Interest Rates on NYC Income and Excise Taxes and Annual Vault Charge (for the period January 1, 2017 through March 31, 2017.

November 16, 2016
Real Estate Auction scheduled for December 14, 2016.

November 1, 2016
Press Release: NYC Department of Finance Improves Collection Rate for ECB Judgment Debt.

November 1, 2016
FY2016 Annual Local Law 11 Report on Environment Control Board (ECB) - Adjudicated Judgments Referred to the NYC Department of Finance.

October 31, 2016
Real Estate Auction scheduled for November 9, 2016.

October 17, 2016
Nine RPTT Redacted Letter Rulings posted

October 17, 2016
One GCT Redacted Letter Ruling posted

October 4, 2016
SCRIE and DRIE Ombudspersons Report

September 30, 2016
Posted 2016 Statistical Profiles of NYC Commercial Rent Tax

September 19, 2016
Finance launches the Landlord Express Access Portal (LEAP)
 
September 16, 2016

Posted Property Auction
 
September 15, 2016

Posted updated Rolling Sales Files

August 29, 2016
Posted Notice of Interest Rates on NYC Income and Excise Taxes and Annual Vault Charge (for the period October 1, 2016 through December 31, 2016)

August 26, 2016
Posted Vehicle Auction
 
August 25, 2016

Posted 2015 Statistical Profile of the New York City Hotel Room Occupancy Tax

August 18, 2016
Posted updated Rolling Sales Files

August 17, 2016
Posted REUC RPIE-2015 Nonfilers (Utility Property and Equipment) List

August 17, 2016
Posted revised Application for Filing an Amendment to a Condominium Declaration.
 

August 17, 2016
Real Estate Auction scheduled for September 7, 2016.

August 15, 2016
Posted 2016 Lien Sale List.

August 10, 2016
Posted Revised 2015 NYC-2A, NYC-2.5A, NYC-2.5A-BC.

August 10, 2016
Posted 2015 report of liability incurred under the City’s Real Property Transfer Tax.

June 22, 2016
Testimony of Deputy Commissioner Timothy Sheares regarding the Senior Citizen Rent Increase Exemption (SCRIE)

May 24, 2016
Testimony of Commissioner Jacques Jiha, Ph.D. to the New York City Council on the Executive 2017 Budget.

May 1, 2016
The Office of the Taxpayer Advocate (OTA) First Annual Report.

March 11, 2016
NYC-2 Forms Now Available for Corporations to File Business Taxes Electronically.

March 1, 2016
Testimony of Commissioner Jacques Jiha, Ph.D. to the New York City Council on the Preliminary 2017 Budget.

March 1, 2016
New York City Department of Finance encourages Business Taxpayers to File a Six-Month Extension.

February 1, 2016
Testimony of Commissioner Jacques Jiha regarding the City’s Efforts to Combat Real Property Deed Fraud.

January 22, 2016
Testimony of First Deputy Commissioner Michael Hyman Evaluating New York City’s Real Property Taxation System.

January 15, 2016
Finance Publishes Fiscal Year 2017 Tentative Assessment Roll.

 

December 9, 2015
Testimony of Assistant Commissioner Samara Karasyk on the Outreach and Enrollment Efforts for the Rent Freeze Program & Introduction 798
 

November 20, 2015
Testimony of Deputy Commissioner Jeffrey Shear on Environmental Control Board (ECB) Report and Proposed Legislation. Accompanying presentation available for download

November 2, 2015
FY2015 Local Law 11 Annual Report on Environment Control Board (ECB) - Adjudicated Judgments Referred to the NYC Department of Finance
 
June 29, 2015
Important Legislation Benefitting Seniors and Persons with Disabilities who Rent

June 10, 2015
Testimony of Treasurer Elaine A. Kloss on FY2016 Interest Rate Recommendations

June 9, 2015
Testimony of Commissioner Jacques Jiha regarding Fiscal Year 2016 Executive Budget

April 17, 2015
Finance Memorandum 15-2 Transitional Filing Provisions for Taxpayers Affected By Corporate Tax Reform Legislation

March 4, 2015
Testimony of Commissioner Jacques Jiha on FY 2016 Preliminary Budget

January 15, 2015
Testimony of Deputy Commissioner Jeffrey Shear on legislation (Intro. No. 497-A) to increase reporting by the Banking Commission and change the default discount rate for early taxpayer payments.

January 8, 2015
Testimony of Deputy Commissioner Jeffrey Shear in support of Intro. No. 612, legislation extending the City’s authority to sell tax liens for property related payments owed to the City.

 

December 15, 2014
Testimony of Deputy Commissioner Jeffrey Shear on the NYC Rent Freeze Program for Seniors (SCRIE) and Intro. No. 555 and accompanying Presentation. Accompanying presentation available for download.

October  14, 2014

Testimony of Deputy Commissioner Jeffrey Shear on the Reporting of Notices of Violation and ECB Debt.


July 23, 2014 Testimony of Assistant Commissioner Samara Karasyk on the DRIE Income Eligibility Increase.

June 30, 2014 Testimony of Assistant Commissioner Samara Karasyk on pre-tax transit benefits for New Yorkers.

June 25, 2014
Testimony of Treasurer Elaine A. Kloss on interest rate resolutions adopted by the NYC Banking Commission and recommended to the Council for fiscal year 2015.

June 6, 2014 Testimony of Commissioner Jacques Jiha regarding Fiscal Year 2015 Executive Budget.

May 29, 2014 Testimony of Assistant Commissioner Samara Karasyk on the FY2015 Hurricane Sandy Property Tax Abatement.

May 1, 2014 Testimony of Assistant Commissioner Sara Meyers on the SCRIE Income Eligibility Threshold Increase.