Laws of New York (Last Updated: November 21, 2014) |
ADC New York City Administrative Code(NEW) |
Title 11. TAXATION AND FINANCE |
Chapter 2. REAL PROPERTY ASSESSMENT, TAXATION AND CHARGES |
Subchapter 2. EXEMPTIONS FROM REAL PROPERTY TAXATION |
Part 3. TAX EXEMPTION FOR CERTAIN INDUSTRIAL AND COMMERCIAL PROPERTIES |
Section 11-252. Approval of tax exemption
Latest version.
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On completion of the reconstruction or construction work the applicant shall notify the board in writing of said completion. The board shall determine the eligibility of the applicant for the tax exemption as provided in section 11-250 of this part and shall notify the tax commission of such determination. If the applicant is determined to be qualified the commission shall approve the tax exemption.