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NY S02896
Bill
Status
1/25/2023
Primary Sponsor
Leroy Comrie
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AI Summary
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Amends the real property tax law to allow the Department of Finance to accept late final applications for the Industrial and Commercial Abatement (ICA) program from applicants who met eligibility requirements but missed the original one-year filing deadline.
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Permits applicants who failed to file within the required timeframe after New York City Local Law 67 of 2008 to submit final applications no later than three months from the effective date of this law.
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Grants the Department of Finance discretion to delay abatement benefits while investigating reasons for late filings.
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Takes effect immediately upon enactment.
Legislative Description
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.
Last Action
REPORTED AND COMMITTED TO FINANCE
2/13/2024