N.Y. Comp. Codes R. & Regs. tit. 9 § 425.1

Current through Register Vol. 46, No. 25, June 18, 2024

Section 425.1 - Homeowner historic property rehabilitation

(a) The Office of Parks, Recreation and Historic Preservation (office) shall use the following schedule to assess and collect fees for processing, reviewing and certifying an application from a homeowner for rehabilitation of his or her historic residential property and for approving the homeowner's rehabilitation expenditure under the New York State tax credit program.

(b) The application submitted to the office shall consist of three parts. An initial application fee of $25 shall be submitted with part 2 and that amount shall be deducted from the final fee that shall be submitted with part 3.

(c) An applicant with a household adjusted gross income of $60,000 or less is exempt from paying any fee to the office.

(d) The applicant shall submit any receipts and documents requested by the office to assist it in determining the amount of the fee or exemption and in issuing the certification.

(e)Final fee.

Rehabilitation expenditure	Fee
(1) $5,000 - $9,999	$50
(2) $10,000 - $49,999	$100
(3) $50,000 - $99,999	$200
(4) $100,000 - $149,999	$300
(5) $150,000 - $199,999	$400
(6) $200,000 - $250,000	$500

N.Y. Comp. Codes R. & Regs. Tit. 9 § 425.1