NY A07126

Extends partial real property tax abatement provisions for eligible dwelling units in cooperative and condominium properties in cities with populations of one million or more through fiscal year 2022 (previously set to expire after 2020).

Maintains eligibility requirements limiting unit owners to no more than three dwelling units in a single property, with at least one being the owner's primary residence, for fiscal years 2012 through 2022.

Preserves abatement percentages ranging from 17.5% to 28.1% based on property average unit assessed value, with higher-value properties receiving lower abatement rates.

Excludes properties receiving other tax exemptions or abatements and excludes sponsor-owned units from eligibility.

Authorizes the Commissioner of Finance to establish application deadlines by rule for fiscal years 2014 through 2022, with deadlines no later than February 15 of each calendar year.