We Are Looking To Grow

  Following strong years in 2020 and 2021 and with a full pipeline going into 2022, Lynn D’Elia Temes & Stanczyk LLC is looking to grow.  Our primary needs right now are experienced attorneys in the areas of commercial real estate and commercial loans, a paralegal experienced in commercial real estate transactions, and a paralegal […]

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Enhanced New York State Historic Tax Credits for Small Projects

As part of the 2021-22 Budget, New York State has adopted an enhanced historic tax credit for small projects equal to 150 percent of the project’s federal rehabilitation tax credit. For certified historic rehabilitation projects receiving the federal rehabilitation tax credit and are located in qualifying census tracts, New York State offers a refundable tax […]

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New York Extends 2020 Tax Return Filing Deadline

On March 19, 2021, the Commissioner of the Department of Taxation & Finance issued Notice N-21-1 extending the filing deadline for personal income tax returns and related payments from April 15th to May 17th.  Interest, penalties and additions to tax are extended and begin to accrue on May 18th. The deadline for filing extensions is […]

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Eligible Census Tract Determinations for the New York Historic Rehabilitation Tax Credit

The New York State Department of Taxation & Finance (“DTF”) issued an advisory opinion TSB-A-20(2)C,(1)I regarding the determination of whether an historic rehabilitation project is located in a census tract eligible for New York’s historic rehabilitation tax credit. DTF determined that a determination of eligibility by New York State Office of Parks, Recreation and Historic Preservation (OPRHP) […]

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SBA Releases Paycheck Protection Program Forgiveness Application

SBA has released the Paycheck Protection Program Loan Forgiveness Application — available here. Costs Eligible for Forgiveness The application provides the following instructions: Eligible payroll costs. Payroll costs paid and payroll costs incurred during the eight-week (56-day) Covered Period (or Alternative Payroll Covered Period) (“payroll costs”). Payroll costs are considered paid on the day that […]

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Re-Opening Phase 1: Construction

New York has issued rules for the re-opening of construction as a part of Phase 1.  Eligible construction includes: Building Equipment Contractors, Building Finishing Contractors, Foundation, Structure, and Building Exterior Contractors, Highway, Street and Bridge Construction, Land Subdivision, Nonresidential Building Construction, Residential Building Construction. and Utility System Construction. Construction Guidelines for Employers and Employees Available at the link above, New York […]

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New York Landlord-Tenant Provisions in Executive Order 202.28

On May 7, 2020, Governor Cuomo issued Executive Order 202.28. The Executive Order contains several provisions affecting landlords and tenants. Security Deposits For Residential Leases: Landlords and tenants may agree to use security deposits (and any interest accrued thereon) to pay past or future rent.  Landlords are required to provide this relief to any tenant […]

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Update To Regional Re-Opening

The May 12th update to the Regional COVID-19 Metrics shows that four regions are now eligible to open on May 15th: Finger Lakes Mohawk Valley North Country Southern Tier Central New York Region inched closer to meeting the minimum COVID-19 testing rate (30 per 1,000 residents per month).

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Reopening New York

Today Governor Cuomo alerted everyone that re-opening New York will start on Friday. It was nice that the Governor selected a photo of Skaneateles Lake in the summer. The docks are ready! Each region should prepare for the re-opening. Ready to open means the number of hospitalizations and infection rates are declining and that a […]

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