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-DDDD – Continuing Requirements.
§ 499-dddd. Continuing requirements. The tax abatement shall be conditioned upon: 1. continuing compliance during the compliance period with all applicable provisions of law, including without limitation the local construction and fire codes, maintaining the solar electric generating system or electric energy storage equipment in such a manner that it continuously constitutes a solar electric […]
499-EEEE – Revocation of Tax Abatement.
§ 499-eeee. 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-FFFF – Enforcement and Administration.
§ 499-ffff. 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-AAA – Definitions.
§ 499-aaa. 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-BBB – Real Property Tax Abatement.
§ 499-bbb. 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. (a) The amount of such tax abatement for any tax year commencing on or after July first, two thousand nine and ending on or before June thirtieth, […]
499-CCC – Application for Tax Abatement.
§ 499-ccc. 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-three. 2. Such application shall be filed with a designated […]
499-BB – Real Property Tax Abatement.
§ 499-bb. Real property tax abatement. 1. Except as provided in subdivisions one-a and one-b of this section, within a city having a population of one million or more, eligible buildings containing eligible premises shall receive an abatement of real property taxes during the benefit period as follows: (a) for each of the first three […]