It is right now easier to pay the fine than to actually comply with this legislation. We, we have to ensure that we make it easier for condo and co op owners to follow these laws. And We do that by eliminating the application fees for J51, by extending that tax credit. by also creating a one stop shop in New York City government that procures at a large scale heat pumps and the very kind of infrastructure needed to comply. (1:22:18–1:22:25)
CLAIM
Proposes eliminating J51 application fees and extending the tax credit to aid compliance.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.