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Uncategorized Industry Insights

Tax Commission of NY Issues Emergency Executive Order

3.21.20 | Industry Insights UPDATE

In follow-up to the notice dated March 17, 2020 summarized below, the Tax Commission of the City of NY issued Emergency Executive Order No. 102, dated March 20, 2020, noting that the March 24, 2020 deadline for filing a duly verified statement of income and expenses (I&E) is suspended and extended to a date no earlier than thirty (30) days after the termination or expiration of the State of Emergency. Order No. 102 also issued that the 20-day period within which to apply for correction of a new assessment is suspended and tolled for the duration of the State of Emergency.

To review the complete Executive Order, click the link below.

Emergency Executive Order

If you have any questions regarding this notice or any other challenges you are facing as a result from the COVID-19 pandemic, please reach out to your Berdon Advisor.