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 […]