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WTC Records Folder 0140 label, 2001

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Archival folder label from the Office of the Mayor for World Trade Center records, identified as Folder 0140.

NYC-WTC_000136670–000136818

Folder label: “Folder 140

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NYC 9/11 Public Portal Document

direct result of the September 11th terrorist attacks. The affected taxpayer should carry the same CRT liability prior to the September 11.

Relief From Real Estate Tax Aesgetsulenta Predicated on ianu rV 2001 Valuations. Description: For affected properties located in the disaster area there should be an adjustment to real estate valuations.

Fxclude from taxable income travel reimbursements as de mininus fringe fit 17escriptionr the September 11s+ terrorist attacks have caused several thousand displaced employees who must incur additional travel expenses. Employers are reimbursing employees for these additional travel expenses. These additional reimbursements should not be considered as additional income, irLnge benefit. but only as de minimis

Sales Tax Exemvtion on gplacement and/or Repair of Equipment Description: Sales and property tax exemption should extend to the replacement of assets destroyed or damaged or usable due to September 11th terrorist attacks. Enact LTC for NYC General Corporation Tax

Description: NYC's adoption of the State's ITC will help to discourage relocation to other jurisdictions. A credi: that reduces the corporate income tax liability of the taxpayers affected by the tntgedy for each displaced employee who is relocated within NYS ur NYC.

f ellef from the Zone Eaui.~jent Credit ( Al requirement Description: Suspend the requirement that an employee be Such relief is necessary since many displaced located in a designated area. WTC employees have been relocated Outside ZEA qualifying locations.

Extend Gramm Leach Bliley.'ransition Provisions set to sunset Description: New York State tax law provides that entities, which have filed as taxpayers ti nder either Article 9A or Article 32 prior to the enactment of the Financial Modernization Act ("GLB") should continuo to do so, and allowed to sunset. Affected entities should continue such laws should not be to be protected from unintended NY'S tax status changes which might occur due to GLB, especially in light of the additional burdens on businesses arising out of the September 11w terrorist attacks.

NYC-WTC 000136673

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NYC-WTC_000136673Source: NYC Law Department, mirrored locally

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