499-AAAAA – Definitions.
§ 499-aaaaa. Definitions. When used in this title, the following terms shall have the following meanings: 1. “Abatement period” means the tax year or tax years in which the abatement is applied by the department of finance to the real property tax liability of an eligible building, provided that such abatement may not be applied […]
499-BBBBB – Real Property Tax Abatement.
§ 499-bbbbb. Real property tax abatement. 1. The department of finance shall provide an abatement of real property taxes pursuant to this section to an eligible building in which construction, conversion, alteration or improvement that is completed on or after April first, two thousand twenty-two has resulted in the creation of a premises of a […]
499-CCCCC – Application for Tax Abatement.
§ 499-ccccc. Application for tax abatement. 1. To obtain a tax abatement authorized by this title, an application for tax abatement shall be filed with a designated agency no later than the fifteenth of March before the tax year, commencing on the first of July, for which the tax abatement authorized by this title is […]
499-DDDDD – Continuing Requirements.
§ 499-ddddd. Continuing requirements. Granting of the tax abatement authorized by this title requires that an owner whose application for tax abatement has been approved: 1. complies with all applicable provisions of law, including but not limited to, the local health, building and fire codes; and 2. does not have real property taxes, water and […]
499-EEEEE – Revocation of Tax Abatement.
§ 499-eeeee. Revocation of tax abatement. 1. Notwithstanding any provision of law to the contrary, the department of finance shall revoke, in whole or in part, any tax abatement granted pursuant to this title whenever a designated agency has determined and notified such department that: (a) The childcare center in the eligible building of the […]
499-FFFFF – Enforcement and Administration.
§ 499-fffff. Enforcement and administration. 1. The department of finance shall have, in addition to any other functions, powers and duties that have been or may be conferred on it by law, the following functions, powers and duties to be exercised in accordance with this title: (a) to apply the tax abatement authorized by this […]
499-QQQQ – Application of Assessment Ceiling; Computation of Exemption.
* § 499-qqqq. Application of assessment ceiling; computation of exemption. 1. Upon receipt of a certificate setting forth the final certified assessment ceiling for local public utility mass real property, the assessor shall compare the assessed valuations attributable to the local public utility mass real property for each owner of local public utility mass real […]
499-RRRR – Reports to Commissioner.
* § 499-rrrr. Reports to commissioner. 1. The commissioner may require from an owner of a local public utility mass real property an annual report that shall include such information and data that is prescribed in regulation by the commissioner and is reasonable and necessarily related to the establishment of a ceiling assessment by the […]
499-SSSS – Inspection of Accounts and Propertry of Public Utilities.
* § 499-ssss. Inspection of accounts and property of public utilities. 1. The commissioner shall, upon reasonable prior notice, have access at reasonable times to reasonable disclosure of accounts and records established and maintained by a local public utility mass real property owner relating to its local public utility mass real property. 2. The commissioner […]
499-MMMM – Equitable Ratio of Assessment.
* § 499-mmmm. Equitable ratio of assessment. The commissioner and any assessing authority shall be prohibited from assessing local public utility mass real property at a value that has a higher ratio to the full value of the local public utility mass real property than the ratio of assessed value of other real property in […]