Relates to extending certain filing deadlines for the industrial and commercial abatement program by authorizing the department of finance to accept certain applications for an additional three months.
STATE OF NEW YORK
________________________________________________________________________
9899
IN ASSEMBLY
April 19, 2022
___________
Introduced by M. of A. CARROLL -- read once and referred to the Commit-
tee on Real Property Taxation
AN ACT to amend the real property tax law, in relation to extending
certain filing deadlines for the industrial and commercial abatement
program
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subparagraph (ii) of paragraph (a) of subdivision 5 of
2 section 489-cccccc of the real property tax law, as amended by chapter
3 397 of the laws of 2017, is amended to read as follows:
4 (ii) Final application. Applicants shall file a final application for
5 benefits no later than one year from the date of issuance of the first
6 building permit for construction work, or, where construction work does
7 not require a building permit, no later than one year from the date of
8 commencement of construction. Abatement benefits shall not be granted
9 until the applicant files the final application. If the final applica-
10 tion is not filed within such one year period, abatement benefits shall
11 not be granted until such application is filed, and the department may
12 delay the granting of such benefits, at the department's discretion, to
13 investigate the reason for the late filing. The department shall accept
14 applications from applicants who (A) after the effective date of local
15 law number sixty-seven of the city of New York for the year two thousand
16 eight, met the requirements of this title but failed to file a final
17 application within the time frame required by this subparagraph and (B)
18 file a final application no later than three months from the effective
19 date of the chapter of the laws of two thousand twenty-one that amended
20 this subparagraph.
21 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD09675-01-1
