Do I need to file a New York State tax return? How do I know if I am a resident of New York State for income tax purposes?This publication explains how you can recover the cost of business or income-producing property through deductions for depreciation. If taxpayer name or address has changed or is incorrect, provide correct name and address in the space provided. 2. The official home page of the New York State Unified Court System. Recovery periods of ACRS or MACRS cannot be used for New Mexico property tax valuation purposes. The Annual Report is a required filing for all business entities, regardless of whether the business owns property,. (See D.C. Official Code. §471508(a)(10)). •. The Cooperative and Condominium Tax Abatement reduces the property taxes of eligible condominium and co-op owners. In the appropriate class life for the expected life of the rebuild.