The PCCC in conjunction with several elected officials and like-minded organizations have continued their push before the New York City Council to approve the extension of the J-51 Tax Credit for qualified capital improvements. Our efforts were featured in a lead article in the December 13, 2021 edition of Real Estate Weekly.
We have been further informed that the legislation may be voted upon this week in the New York City Council. We will keep you apprised as the news develops.