New York § 489-GGG Continuation of tax exemption; termination of tax exemption

New York Statutes

§ 489-GGG — Continuation of tax exemption; termination of tax exemption

New York § 489-GGG

Law RPTReal Property Tax

Title 2-CTax Exemption For Certain Industrial and Commercial Properties In a City of One Million or More Persons

Art. 4Exemptions

This text of New York § 489-GGG (Continuation of tax exemption; termination of tax exemption) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Real Property Tax § 489-GGG (2026).

Text

  § 489-ggg. Continuation of tax exemption; termination of tax\nexemption. The tax exemption approved by the board shall continue in\naccordance with this title, provided that the applicant files an annual\ncertificate of continuing use stating that the structure and property\ncontinue to be used for the industrial or commercial purposes justifying\nthe issuance of the certificate of eligibility.  The certificate of\ncontinuing use shall be filed with the tax commission on such form or\nforms and containing such information as shall be prescribed by the tax\ncommission. The tax commission shall have authority to terminate a tax\nexemption on failure of an applicant to file an annual certificate of\ncontinuing use or on the recommendation of the finance commissioner who,\nin reviewing the c

Free access — add to your briefcase to read the full text and ask questions with AI

§ 489-ggg. Continuation of tax exemption; termination of tax\nexemption. The tax exemption approved by the board shall continue in\naccordance with this title, provided that the applicant files an annual\ncertificate of continuing use stating that the structure and property\ncontinue to be used for the industrial or commercial purposes justifying\nthe issuance of the certificate of eligibility. The certificate of\ncontinuing use shall be filed with the tax commission on such form or\nforms and containing such information as shall be prescribed by the tax\ncommission. The tax commission shall have authority to terminate a tax\nexemption on failure of an applicant to file an annual certificate of\ncontinuing use or on the recommendation of the finance commissioner who,\nin reviewing the certificate filed by an applicant, has determined that\nthe structure or property has ceased to be used for the industrial or\ncommercial purposes justifying the issuance of the certificate of\neligibility.\n