2016 New York Laws
RPT - Real Property Tax
Article 4 - EXEMPTIONS
Title 2-F - (489-AAAAAA - 489-KKKKKK) ABATEMENT OF TAX PAYMENTS FOR CERTAIN INDUSTRIAL AND COMMERCIAL PROPERTIES IN A CITY OF ONE MILLION OR MORE PERSONS
489-EEEEEE - Reporting requirement.

  489-eeeeee.  Reporting  requirement.  1.  Continuing  use.  For the
  duration of the benefit period, the recipient  of  benefits  shall  file
  biennially  with  the  department,  on or before the appropriate taxable
  status date, a statement of the continuing use of such property and  any
  changes in use that have occurred, provided, however, that any recipient
  of  benefits  receiving  benefits for property defined as a peaking unit
  shall file such statement biannually. This statement shall be in a  form
  determined  by  the  department  and may be in any format the department
  determines, in its  discretion,  is  appropriate,  including  electronic
  format.  The  department shall have authority to terminate such benefits
  upon failure of a recipient to file such statement  by  the  appropriate
  taxable  status  date.  The burden of proof shall be on the recipient to
  establish continuing eligibility for benefits and the  department  shall
  have   the  authority  to  require  that  statements  filed  under  this
  subdivision be certified.
2. Conversion of construction. A recipient shall file an amendment  to
  the latest statement of continuing use prior to:
(a)  converting  square footage within property that is the subject of
  benefits for industrial construction work from use for the manufacturing
  activities described in such statement  of  continuing  use  where  such
  conversion  would  result  in  less than sixty-five percent of total net
  square footage  being  used  or  held  out  for  use  for  manufacturing
  activities; or
(b) converting any portion of property that is the subject of benefits
  for  industrial construction work for use for any restricted activity or
  as residential property.
(c) For all other use conversions, applicants shall immediately notify
  the department of a change in use, in a manner that the  department  may
  determine.
3.  Minimum  required  expenditure. No later than sixty days after the
  minimum required expenditure must  be  made  under  subdivision  one  of
  section  four  hundred  eighty-nine-cccccc  of this title, the applicant
  shall submit to the department a certified statement that the  applicant
  has made the minimum required expenditure as required by this title.