Erica F. Buckley Understanding the Mortgage Recording Tax Credit Deadline Suspension
Now that the state of disaster emergency is coming to an end, real estate professionals must make sense of some of the more nuanced relief provided for under Governor Cuomo's orders, keeping in mind the overall intent of the orders—to provide for assistance in coping with the unprecedented COVID-19 pandemic. In this edition of her Ask the Former Regulator column, Erica F. Buckley explains the mortgage recording tax credit and the governor's executive order suspending its deadline.
June 23, 2021 at 12:00 PM
7 minute read
I am a sponsor of a new construction condominium plan in Manhattan. I understand that the Governor's executive order suspended the deadline to take advantage of the mortgage recording tax credit. Can you explain the credit, the executive order, and how the suspension works?
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