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Catharine Young Tries to Prevent NYC from Collecting Property Taxes on New Developments

At today’s meeting of the Senate Committee on Housing, Construction and Community Development, Senator Catharine Young introduced S4381, a bill that would temporarily prevent New York City from collecting local taxes on newly constructed private homes containing 3 or fewer units. This bill would only apply to NYC, and would therefore have no effect in Senator Young’s own district. Obviously, New York City opposes the bill. (2:28 in video)

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