GroundRules
← Search the law
New York · Through 2026-09-11

N.Y. Real Property Tax Law § 489-hhhh: Administration of the benefit program

Read at publisher ↗
Where this section sits in the code
  1. Real Property Tax Law
  2. Article 4. Exemptions
  3. Title 2-D. Tax Exemption and Deferral of Tax Payments For Certain Industrial and Commercial Properties In a City of One Million or More Persons

§ 489-hhhh. Administration of the benefit program. 1. The department

of finance of any city enacting a local law pursuant to section four

hundred eighty-nine-bbbb of this title 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:

(a) To publicize the availability of benefits pursuant to this title

for industrial, commercial and renovation construction work.

(b) To receive and review applications for certificates of

eligibility, issue such certificates where authorized pursuant to

section four hundred eighty-nine-eeee of this title, and record the

issuance of such certificates as prescribed in such section.

(c) To receive evidence of expenditures made for construction, and

where such expenditures do not equal the amount required to qualify for

exemption from or abatement or deferral of tax payments to take

appropriate action, including but not limited to denying, reducing,

suspending, terminating or revoking benefits pursuant to this title.

(d) To enter and inspect property to determine whether it is

industrial or commercial or mixed-use and to determine whether (i) any

such property is being used for any restricted use, or (ii) any property

which is the subject of a certificate of eligibility for industrial

construction work is being used as commercial property, or (iii) any

industrial or commercial property is being used as residential or

mixed-use property, or (iv) all or part of the nonresidential portion of

mixed-use property is being used as residential property.

(e) To collect all real property taxes for which payment is deferred

pursuant to this title.

(f) To collect all real property taxes, with interest, due and owing

as a result of reduction, suspension, termination or revocation of any

exemption from or abatement or deferral of taxes granted pursuant to

this title.

(g) To make and promulgate regulations to carry out the purposes of

this title, including, but not limited to, regulations requiring

applicants to publish notice of their applications, defining

manufacturing and commercial activities and specifying the nature of

work for which expenses may be included in the minimum required

expenditure, provided, however, that any regulation increasing the

minimum required expenditure shall not apply to any person who is a

recipient on the effective date of such regulation. Such regulations

shall include a requirement that with respect to the construction work

recipients and their contractors shall be equal opportunity employers

and may also provide that persons employed in the construction work

shall implement a training program for economically disadvantaged

persons enrolled or eligible to be enrolled in training programs

approved by the department of labor.

Collected 2026-09-14T19:32:45Z. Source file · JSON

Browse this collection