§ 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 of an existing building or structure for use as commercial property. 2. “Commercial exclusion area” means an area as defined in subdivision four of section four hundred […]
§ 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 empowered to determine that incentives in the form of abatement of real property taxes are necessary […]
§ 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 eighty-nine-bbbbbb of this title relating to the abatement for which such project qualifies as follows: (a) No later than four years from the date of […]
§ 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 this title and continuing until March first, two thousand twenty-five. (b) Application content. The preliminary and final applications shall be in any format designated by […]
§ 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 taxable status date, a statement of the continuing use of such property and any changes in use that have occurred, provided, however, that any recipient of […]
§ 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 as industrial property before the benefits period expires, such property shall continue to receive benefits for commercial or renovation construction work. 2. Conversion from industrial […]
§ 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 boundary commission to consist of a deputy mayor designated by the mayor, […]
§ 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 an application be certified; 2. To audit documents submitted by an applicant, to require the production of books, records and documents with respect […]
§ 489-iiiiii. Code violations; suspension, termination or revocation of benefits. 1. Abatement benefits shall be suspended, terminated or revoked if the recipient is found to have failed to cure violations of applicable building, fire, or air pollution control codes on the property for which benefits have been granted or any state, city, or municipal business […]
§ 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 with the requirements of this title or the related rules promulgated by the department; or 2. An application, certificate, report or […]
§ 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 in construction work for which an applicant receives benefits. Such program may be established, and amended from time to time, by […]
