499-EEE – Revocation of Tax Abatement.
§ 499-eee. Revocation of tax abatement. 1. 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 the department of finance that: (a) an applicant has failed to comply with a requirement of this title or any rule […]
499-FFF – Enforcement and Administration.
§ 499-fff. 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 a tax abatement; (b) to revoke […]
499-GGG – Tax Lien and Interest.
§ 499-ggg. Tax lien and interest. All taxes, with interest, required to be paid retroactively pursuant to this title shall constitute a tax lien as of the date it is determined such taxes and interest are owed. All interest shall be calculated from the date the taxes would have been due but for the tax […]
499-AAAA – Definitions.
§ 499-aaaa. Definitions. When used in this title, the following terms shall have the following meanings: 1. “Applicant” shall mean (a) with respect to an eligible building held in the cooperative or condominium form of ownership, the board of managers of a condominium or the board of directors of a cooperative apartment corporation, or (b) […]
499-BBBB – Real Property Tax Abatement.
§ 499-bbbb. Real property tax abatement. An eligible building shall receive an abatement of real property taxes as provided in this title and the rules promulgated hereunder. 1. The amount of such tax abatement shall be as follows: (a) if the solar electric generating system is placed in service on or after the effective date […]
499-CCCC – Application for Tax Abatement.
§ 499-cccc. Application for tax abatement. 1. To obtain a tax abatement pursuant to this title, an applicant must file an application for tax abatement, which may be filed on or after January first, two thousand nine, and on or before March fifteenth, two thousand twenty-four. 2. Such application shall be filed with a designated […]
499-CC – Eligibility Requirements.
§ 499-cc. Eligibility requirements. 1. No abatement shall be granted pursuant to this title unless: (a) the landlord enters into a lease for eligible premises with a new tenant or a renewal tenant and: (1) the lease commencement date is within the eligibility period; (2) (i) if, by the sixtieth day following the rent commencement […]
499-DD – Application for Certificate of Abatement.
§ 499-dd. Application for certificate of abatement. 1. Application for a certificate of abatement may be made on or after April first, nineteen hundred ninety-five and until sixty days after the end of the eligibility period, provided, however, that application for a certificate of abatement for eligible premises located within the abatement zone defined in […]
499-EE – Enforcement and Administration.
§ 499-ee. Enforcement and administration. The department of finance shall have, in addition to any other functions, powers and duties which have been or may be conferred on it by law, the following functions, powers and duties: 1. To receive and review applications for certificates of abatement under this title and issue such certificates where […]
499-FF – Reporting Requirements; Revocation of Abatements.
§ 499-ff. Reporting requirements; revocation of abatements. 1. For the duration of the applicant’s benefit period, the applicant shall file annually with the department of finance, on or before July first of each year, a certificate of continuing eligibility confirming that the eligible premises are occupied by the tenant who originally executed the lease and […]