New York Tax Abatements Now Tied to Prevailing Wages

November 9, 2021

On Labor Day 2021, New York Governor Kathy Hochul signed Senate bill S6350A. This law prohibits most individual unit owners or shareholders in condominiums or cooperatives from obtaining or maintaining tax abatements under section 467-a of the real property tax law if their buildings do not pay their service employees prevailing wages. View our interactive discussion as we review the details of the law and its impact on your association’s budget.

Panelists include:
– Sarah K. Mannix, Partner, Clifton Budd & DeMaria, LLP
– Robert A. Sparer, Partner, Clifton Budd & DeMaria, LLP
– Meagan Mooney, Vice President, Client Finance, AKAM
– Elise Rosemarin, Senior Vice President, AKAM

This webinar was recorded on November 2, 2021.