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

• 489-Aaaaaa - Definitions.
  When used in this title: 1. "Commercial construction work" means the construction of a new building or structure or the modernization, rehabilitation, expansion or improvement...
• 489-Bbbbbb - Power to Enact Local Law; Industrial and Commercial Real Property Tax Abatement.
  1. Authority to enact local law. Any city having a population of one million or more, acting through its local legislative body, is authorized and...
• 489-Cccccc - Eligibility for Benefits.
  1. Time limit for meeting minimum required expenditure. Applicants must meet the appropriate minimum required expenditure as provided in subdivision three of section four hundred...
• 489-Dddddd - Applying for Benefits.
  1. Application. (a) Application for benefits pursuant to this title may be made immediately following the effective date of a local law enacted pursuant to...
• 489-Eeeeee - Reporting Requirement.
  1. Continuing use. For the duration of the benefit period, the recipient of benefits shall file biennially with the department, on or before the appropriate...
• 489-Ffffff - Conversion of Property.
  1. Conversion from commercial to industrial use. Where a property has been granted benefits for commercial or renovation construction work, but such property is used...
• 489-Gggggg - Temporary Commercial Incentive Area Boundary Commission; Designation of Special Commercial Abatement Areas; Excluded and Renovation Areas.
  1. Commission members. Any city enacting a local law pursuant to section four hundred eighty-nine-bbbbbb of this title shall establish a temporary commercial incentive area...
• 489-Hhhhhh - Administration of the Benefit Program.
  The department shall have the following additional functions, powers and duties: 1. To require that any documents submitted in support of or as part of...
• 489-Iiiiii - Code Violations; Suspension, Termination or Revocation of Benefits.
  1. A local law enacted pursuant to this title may provide that abatement benefits shall be suspended, terminated or revoked if the recipient is found...
• 489-Jjjjjj - Penalties for Non-Compliance, False Statements and Omissions.
  Denial, reduction, suspension, termination or revocation. The department may deny, reduce, suspend, terminate or revoke any abatement benefits where: 1. A recipient fails to comply...
• 489-Kkkkkk - 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 women-owned business enterprises...

Last modified: February 3, 2019