NY A09223

Requires the entity administering the tax abatement program to develop a system providing timely notice to participants who become newly eligible under different criteria that they must reapply for the program

Mandates that participants initially eligible under one category of subdivision three who later meet eligibility criteria under a different category receive notice of reapplication requirements during their first reapplication period and all subsequent reapplication periods

Prohibits administering entities from considering any eligibility criteria not explicitly contained in section 467-b of the real property tax law when approving or denying tax abatement applications

Takes effect immediately, with amendments expiring upon the expiration and reversion of section 467-b of the real property tax law