Resurrected Tax Break for Renovations Will Help Landlords Comply With Building Emissions Law, Officials Say

A new version of the heavily criticized expired J-51 property tax incentive is back. Advocates argue it will encourage landlords to renovate apartments and will help them afford the upgrades needed to comply with the building emissions law, Local Law 97.
A new version of the heavily criticized expired J-51 property tax incentive is back. Advocates argue it will encourage landlords to renovate apartments and will help them afford the upgrades needed to comply with the building emissions law, Local Law 97.Adi Talwar The boiler room at a co-op building in Queens. Officials say the new J-51 tax break will help building owners make energy upgrades, like swapping to more efficient heating and cooling systems.Last week, the New York City Council...

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