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Tax Commission Decides not to Extend Deadline for Submission of Supplemental Income and Expense Data

3.17.20 | Industry Insights

Currently, the Tax Commission President has advised the Tax Certiorari Bar Association that there will be no extension of the March 24th deadline for submission of supplemental income and expense (I&E) data. However, the Tax Commission of the City of NY will accept electronic filings of the completed I&E data (TC 201) and the signed auditor certification (TC 309) for properties with an assessment of $5M or more. Please note that it is required that your certiorari counsel produce the original TC 201 and 309 at the time of the hearing. As such, Berdon’s Real Estate professionals are committed to deliver the original signed TC 309 to all clients prior to their hearing dates.

In the past, hearings were typically scheduled starting in May, but due to the current public health situation, this may change and we urge all to check with their counsel for more information on the 2020 hearing schedule.

We will keep you posted of any new policy changes. In the meantime, if you have any questions, please reach out to your Berdon Service Team.