New York Real Property Tax Law Title 2-C - TAX EXEMPTION FOR CERTAIN INDUSTRIAL AND COMMERCIAL PROPERTIES IN A CITY OF ONE MILLION OR MORE PERSONS

• 489-Aaa - Definitions.
  When used in this title: 1. "Applicant" means any person or corporation obligated to pay real property taxes on the property for which an exemption...
• 489-Bbb - Industrial and Commercial Incentive Board.
  Any city of one million or more persons may, by local law, establish an industrial and commercial incentive board to consist of the deputy mayor...
• 489-Ccc - Functions, Powers and Duties of the Board; Annual Designation of Exemption Areas and Restricted Commercial Uses.
  1. The members of the board shall have the following functions, powers and duties: (a) to receive and review applications for certificates of eligibility pursuant...
• 489-Ddd - Real Property Tax Exemption.
  1. A real property tax exemption pursuant to this title shall be granted to an applicant who, within a period of thirty-six months, or following...
• 489-Eee - Applications for Certificates of Eligibility.
  1. Applications for a certificate of eligibility pursuant to this title shall be submitted for preliminary approval to the office for economic development commencing immediately...
• 489-Fff - Approval of Tax Exemption.
  On completion of the reconstruction or construction work the applicant shall notify the board in writing of said completion. The board shall determine the eligibility...
• 489-Ggg - Continuation of Tax Exemption; Termination of Tax Exemption.
  The tax exemption approved by the board shall continue in accordance with this title, provided that the applicant files an annual certificate of continuing use...
• 489-Hhh - Extension of Time for Completion.
  Where an applicant has received a certificate of eligibility but has not completed or will not be able to complete the construction or reconstruction work...
• 489-Iii - Prior Certificates of Eligibility.
  Any project for which a certificate of eligibility has been approved by the industrial and commercial incentive board prior to the enactment of this section...

Last modified: February 3, 2019