N.Y. Comp. Codes R. & Regs. tit. 5 § 102.6

Current through Register Vol. 46, No. 45, November 2, 2024

Section 102.6 - Certificate of eligibility

The board shall issue, revoke or modify a certificate of eligibility after satisfactory verification of the affidavit of compliance and any other information that the board may deem pertinent.

(a) In the case of a certificate of eligibility for tax credits, no such certificate shall be issued until after the close of the applicant's taxable year.

(b) In the case of a certificate of eligibility for real property tax exemptions, such certificate may be issued at any time before the applicable taxable status date. The board shall issue a certificate of eligibility for real property tax exemptions only when a local law or resolution has been adopted in the eligible area of the eligible business facility pursuant to section 485 of the Real Property Tax Law.

N.Y. Comp. Codes R. & Regs. Tit. 5 § 102.6