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NEW YORK HAS CREATED A NEW PROPERTY TAX CREDIT FOR HOMEOWNERS New York has created a new property tax credit for homeowners who make less than $250,000 a year and whose property tax bill exceeds 6% of their annual income.  The credit will be between $250 and $350. You must live in your New York home…

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COURT CASE CONFIRMS RIGHTS OF NONPROFIT WHISTLEBLOWERS A recent New York Appellate Court decision confirmed the rights of nonprofit whistleblowers. Ferris v. Lustgarten Foundation has two features of interest to nonprofits and their employees. For nearly 10 years, Ferris was employed by the Lustgarten Foundation, a charitable organization closely affiliated with the cable television company…

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UNDERSTANDING THE CORPORATE TRANSPARENCY ACT On January 1, 2021, Congress enacted the Corporate Transparency Act (CTA) as part of the National Defense Act for Fiscal Year 2021.  The main goal of this act is to combat forms of illegal financing and money laundering through the use of anonymous shell companies. This act requires all U.S….

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HOUSING THE HUDSON VALLEY By John C. Cappello, Partner, Jacobowitz and Gubits, LLP (www.jacobowitz.com) and Joe Czajka, Senior Vice President for Research, Development, and Community Planning, Hudson Valley Pattern for Progress (www.pattern-for-progress.com) Over the last several years the Hudson Valley has experienced significant commercial development and growth in the form of the Resorts World Catskills…

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COURT OF APPEALS UPHOLDS REQUIREMENT FOR COUNTIES TO REIMBURSE MUNICIPAL UNSAFE BUILDING AND PROPERTY MAINTENANCE COSTS Municipal legislative boards occasionally find it necessary, in the public interest, to demolish unsafe buildings or conduct property maintenance on private properties. The cost of these proceedings, including the demolition or maintenance work, is initially borne by the municipality…

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GARY SCHUSTER APPOINTED SECRETARY OF NYCON J&G congratulates partner Gary Schuster on being appointed Board Secretary of NYCON, the New York Council of Nonprofits. Gary has served as a NYCON Board member since 2013, including serving as Chair of the Board Development Committee. The mission of NYCON is to develop and promote an effective and…

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  NEW LAW PROTECTION FOR PUBLIC EMPLOYEES IN PUBLIC HEALTH EMERGENCIES In recognition of the essential role of public employees during this pandemic, New York State has adopted legislation requiring public employers to plan for similar emergencies in the future. The New York State Labor Law has been amended by adding a new section (27-c)…

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NEW YORK STATE DEPARTMENT OF HEALTH RELEASES NEW HEMP REGULATIONS As with almost all areas of American society, the COVID-19 pandemic pushed ‘pause’ on anticipated regulatory changes to the New York State hemp industry.  December 2019 saw new hemp laws that split hemp permits into defined categories with more legislation regarding quality standards, labeling requirements,…

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FORCE MAJEURE AFTER COVID When the Covid crisis arrived, many people who had signed contracts found it difficult or impossible to perform their obligations. Many sought relief from the force majeure clause in their contracts. In most cases, that proved to be disappointing. With the benefit of hindsight, parties now have the opportunity to revise…

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NEW REPORT DETAILS STRUGGLES OF HUDSON VALLEY NONPROFITS NYCON, the New York Council of Nonprofits, just released a report “Hudson Valley Nonprofits Amidst COVID-19.” The report was funded by a new group called the Hudson Valley Funders Collaborative comprised of several regional philanthropic foundations. The report paints a fairly grim picture of the state of…

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