Archival folder label from the Office of the Mayor for World Trade Center records, identified as Folder 0140.
NYC-WTC_000136670–000136818Folder label: “Folder 140”
OCR status: ok · source: pdftotext
NYC 9/11 Public Portal Document
the disaster site. This deductibility would be a limited exception to the capitalization requirements of Internal Revenue Code sections 263 and 280B. Costs to purchase replacement property will be fully deductible without regard to the basis limitation rules of section 1033. Generally, the costs must be incurred after September 11, 2001, and no later than December 31, 2006.
Reasons for Change: Deductibility of business expenses benefits taxpayers because such expenses are subtracted directly from gross income. In addition, shorter amortization periods are advantageous because it increases income. Again, this would stimulate redevelopment and construction in the affected area.
> Involuntary Conversions of Property
Proposal: This proposal would affect involuntary conversions of property. The proposal would extend the current four year replacement period for principal residences destroyed in an area declared by the President of the United States as a Federal disaster area to commercial real property for Federal tax purposes. [IRC§ 1033 (a), 1033 (h).]
Reasons for Change: Gain on certain involuntary conversions of property (e.g., buildings and property destroyed as a result of World Trade Center Disaster that are eligible to receive insurance proceeds) can be deferred if you buy property similar or related in service or use within a specified replacement period. Extending the replacement time period to four years for commercial real property would extend the ability of businesses to recover from damages resulting from the terrorist attacks.
> Tax Free Contribution to Capital
Proposal: This proposal would stipulate that capital from the Federal Government to rebuild property will be considered a tax-free contribution to capital for Federal tax purposes. [IRC§ 118(b) relating to contributions in aid of construction.]
Reasons for Change: Tax-free contributions to capital would reduce Federal taxable income, thereby reducing tax liability. This could encourage capital investments and building and spur recovery of the area.
> Smart Buildings Technology Enhancement Credits
Proposal: This proposal would create Smart Buildings Technology Enhancement Credits to be used against Federal income and corporate taxes. It would create the SMART Whole Building Credit Component, the SMART Base Building Credit Component, and the SMART Tenant Space
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NYC-WTC 000136695
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Ranked by indexed similarity. Reasons describe shared subjects and filing context; check the source records.
NYC-WTC_000136542
Archival folder label from the Office of the Mayor for World Trade Center records, identified as Folder 0139.
13 shared non-person entities · 1 shared topics · similarity 0.987
machine-extracted · confidence unavailable · Check page ↗NYC-WTC_000136391
Records folder index from Mayor's office covering World Trade Center administrative materials.
13 shared non-person entities · 1 shared topics · similarity 0.983
machine-extracted · confidence unavailable · Check page ↗NYC-WTC_000136990
Archival folder label for September 11 news clippings from the Office of the Mayor, identified as Folder 0123.
13 shared non-person entities · 1 shared topics · similarity 0.975
machine-extracted · confidence unavailable · Check page ↗NYC-WTC_000137113
Archival folder label for September 11 news clippings from the Office of the Mayor, identified as Folder 0124.
11 shared non-person entities · similarity 0.971
machine-extracted · confidence unavailable · Check page ↗NYC-WTC_000153447
Letter outlining the City's financial priorities for using FEMA funds following the devastation of September 11.
2 shared non-person entities · 1 shared topics · similarity 0.959
machine-extracted · confidence unavailable · Check page ↗NYC-WTC_000142413
Comprehensive FAQ addressing downtown building access, reopening areas, property manager contact procedures, and building damage status in lower Manhattan.
9 shared non-person entities · 1 shared topics · similarity 0.957
machine-extracted · confidence unavailable · Check page ↗NYC-WTC_000153425
Report by the NYC Partnership analyzing economic losses and job displacement resulting from the September 11 attacks.
2 shared non-person entities · 1 shared topics · similarity 0.955
machine-extracted · confidence unavailable · Check page ↗NYC-WTC_000152615
Cover page for a document collection regarding Lower Manhattan operations dated March 6, 2002.
7 shared non-person entities · similarity 0.952
machine-extracted · confidence unavailable · Check page ↗NYC-WTC_000141766
Description of a $700 million state-funded economic recovery program for businesses affected by the World Trade Center disaster, targeting four categories of eligible businesses.
1 shared non-person entities · 1 shared topics · similarity 0.950
machine-extracted · confidence unavailable · Check page ↗NYC-WTC_000141711
Document outlining eligibility criteria and fund distribution for businesses affected by the World Trade Center disaster.
1 shared non-person entities · 1 shared topics · similarity 0.949
machine-extracted · confidence unavailable · Check page ↗NYC-WTC_000142053
Fragmented page containing environmental data records or logs related to post-9/11 monitoring efforts at the World Trade Center site.
1 shared non-person entities · similarity 0.948
machine-extracted · confidence unavailable · Check page ↗NYC-WTC_000142165
Municipal form dated September 7, 2001 with largely illegible content visible in the excerpt.
1 shared non-person entities · 1 shared topics · similarity 0.947
machine-extracted · confidence unavailable · Check page ↗Similar subjects in other documents. Similarity does not establish the same event, measurement or conclusion.
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NYC-WTC_000138296
Internal memo discussing potential litigation against the City related to 9/11 events, including estimated claims and liability concerns.
Cited alongside this record in an Ask answer
NYC-WTC_000145510
Notice from NYC Law Department instructing staff to preserve World Trade Center documents for potential legal actions.
Cited alongside this record in an Ask answer
NYC-WTC_000146129
Correspondence from NYC Corporation Counsel providing comments on excerpts of a draft EPA evaluation report regarding the WTC response.
Cited alongside this record in an Ask answer
NYC-WTC_000147333
Facsimile from Mayor's Office to DEP regarding concerns about untrained workers cleaning dust potentially containing asbestos.
Cited alongside this record in an Ask answer
NYC-WTC_000151750
Letter responding to correspondence about the EPA World Trade Center Cleanup Program and its extension through December 2002.
Cited alongside this record in an Ask answer