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

• 489-Aaaa - Definitions.
  When used in this title: 1. "Applicant" means any person obligated to pay real property taxes on the property for which an exemption from or...
• 489-Bbbb - Power to Enact Local Law; Real Property Tax Exemption; Deferral of Tax Payments.
  Any city having a population of one million or more, acting through its local legislative body, is authorized and empowered to determine that incentives in...
• 489-Cccc - Temporary Commercial Incentive Area Boundary Commission; Classes of Area; Excluded Areas.
  1. Any city enacting a local law pursuant to section four hundred eighty-nine-bbbb of this title shall establish a temporary commercial incentive area boundary commission...
• 489-Dddd - Eligibility for Benefits.
  1. A recipient of a certificate of eligibility with an effective date of June thirtieth, nineteen hundred ninety-two or before must make one-half the minimum...
• 489-Eeee - Application for Certificate of Eligibility.
  1. Application for a certificate of eligibility pursuant to this title may be made immediately following the effective date of a local law enacted pursuant...
• 489-Ffff - Reporting Requirement; Termination of Benefits.
  1. Upon approval by the department of buildings of the plans submitted in connection with the building permit and any amendments to such plans, the...
• 489-Gggg - Conversion of Property.
  1. Any recipient whose property is the subject of a certificate of eligibility for commercial or renovation construction work, and who, prior to the expiration...
• 489-Hhhh - Administration of the Benefit Program.
  1. The department of finance of any city enacting a local law pursuant to section four hundred eighty-nine-bbbb of this title shall have, in addition...
• 489-Iiii - Code Violations; Suspension or Termination of Benefits.
  A local law enacted pursuant to this title may provide that benefits pursuant to this title shall be suspended or terminated if the recipient is...
• 489-Jjjj - Tax Lien; Interest Rate.
  1. All taxes plus interest required to be paid retroactively pursuant to this title shall constitute a tax lien as of the date it is...
• 489-Kkkk - Penalties for Non-Compliance, False Statements and Omissions.
  1. The department of finance may deny, reduce, suspend, revoke or terminate any exemption from or abatement or deferral of tax payments pursuant to this...
• 489-Llll - Participation of Minority and Women-Owned Business Enterprises.
  A city enacting a local law pursuant to this title may provide for a program to ensure meaningful participation of minority and woman-owned business enterprises...

Last modified: February 3, 2019