Mayor Signs Sandy Tax Relief Bill

Mayor Bill de Blasio signed a bill Wednesday extending tax relief to homeowners facing higher taxes as a result of repairing their homes from damage done by Hurricane Sandy.

Before the mayor signed the bill, homeowners were subject to higher taxes if they repaired their homes, even if the repairs were meant to restore the homes to their original conditions.

The mayor’s signature follows the state’s authorization, signed last month by Gov. Andrew Cuomo, for the city to pass a local law.

“Property owners impacted by Sandy have already gone through so much—but, now, they won’t be forced to pay higher taxes simply because they rebuilt,” de Blasio said in a statement.”

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