dliu1/legal-llama-raw-text huggingface dataset:
Where a parcel, the owner of which is entitled to a pro  rata  exemption
collector  shall apply the credit to reduce the amount of taxes owed for
the parcel in such fiscal year. Pro rata exemption credits in excess  of
the  amount  of  taxes, if any, owed for the parcel shall be paid by the
treasurer of a municipal corporation which levies such taxes for  or  on
behalf  of  the municipal corporation to all owners of property entitled
to such credits within thirty days of the expiration of the  warrant  to
collect  taxes  in said next fiscal year. Notwithstanding the foregoing,
(d) If, for any reason,  the  pro  rata  tax  credit  as  provided  in
paragraph  (a)  of this subdivision is not extended against the tax roll
occurred,   the   assessor   shall   immediately  notify  the  municipal
corporation which levied the tax or for which the taxes were  levied  of
the  amount  of  pro  rata  exemption credits for the year in which such
transfer occurred. Such municipal corporation shall proceed as  provided
(e)  If,  for  any  reason,  a  determination  to exempt property from
on the tax roll for the year  immediately  succeeding  the  fiscal  year
rata  tax exemption credit for such tax roll by multiplying the tax rate
or tax rates for each municipal corporation which levied  taxes  or  for
which  taxes  were  levied times the exempt amount and shall immediately
notify such municipal  corporation  or  corporations  of  the  pro  rata
exemption  credits  for  such tax roll. Such municipal corporation shall
Exemption  from local real property taxation of certain low
income housing accommodations in a  city  having  a  population  of  one
million  or  more.  1.  In  a city having a population of one million or
more, real property owned  by  a  corporation,  partnership  or  limited
liability   company   formed   for  the  purpose  of  providing  housing
accommodations for persons and families of  low  income  as  defined  in
section  two  of  the  private  housing  finance  law  and used for such
purpose, shall be exempt from local  real  property  taxation,  provided
that  such corporation, partnership or limited liability company: (a) is
organized as a non-profit housing development fund company  pursuant  to
article  eleven  of  the private housing finance law, or is a non-profit
housing corporation as defined in article eleven of the private  housing
finance  law  which  is  not  incorporated as a housing development fund
company as defined in article eleven of the private housing finance law,
or is a wholly-owned subsidiary of such a company or is a partnership or
limited liability company the controlling interest of which is  held  by
such  a company or corporation or by a wholly owned subsidiary of such a
company or by a corporation sponsored or formed by  such  a  company  or
corporation;  and (b) has received a loan from a municipality, the state
or the housing trust fund corporation established  pursuant  to  section
forty-five-a  of  the  private  housing  finance  law  or  any successor
corporation; and  (c)  enters  into  a  regulatory  agreement  with  the
municipality,   the   state   or  the  housing  trust  fund  corporation
established pursuant to section  forty-five-a  of  the  private  housing
finance  law  or any successor corporation guaranteeing the provision of
housing accommodations for persons and families of low income;  and  (d)
is  a  participant  in the federal low income housing tax credit program
established pursuant to section forty-two of the internal  revenue  code
of  nineteen  hundred  eighty-six, as amended. Any exemption pursuant to
this section shall expire upon the  expiration  or  termination  of  the
regulatory agreement.
2.  An  exemption  may  be  granted pursuant to this section only upon
comparable form, which application shall be accepted by the assessor  of
such  city  as  provided  in  this  subdivision  and  in  the  rules and
regulations promulgated pursuant to this section by  the  department  of
housing  preservation  and development in such city. No such application
shall be accepted by the assessor unless accompanied by a certificate of
the department of housing preservation  and  development  in  such  city
certifying   the  applicant's  eligibility  pursuant  to  this  section.
Notwithstanding section three hundred two of this chapter, an  exemption
granted pursuant to this section shall commence as of the effective date
of  the  regulatory  agreement  with  the municipality, the state or the
housing  trust  fund  corporation  established   pursuant   to   section
corporation regardless of when the application  for  such  exemption  is
approved.  The  department  of  housing preservation and development may
promulgate rules and regulations to carry out  the  provisions  of  this
section,  and  may require a reasonable filing fee in an amount provided
by such rules and regulations.
3. An exemption from local real property  taxation  pursuant  to  this
section  shall  be  governed  solely by subdivisions one and two of this
section if the application for such exemption  is  approved  before  the
effective  date  of  this  subdivision  and  shall be governed solely by
subdivision four of this section if the application for  such  exemption
is  approved on or after the effective date of this subdivision. Any tax
exemption pursuant to subdivisions one and two of this section  that  is
in  effect  on  the effective date of this subdivision shall continue in
accordance with the provisions of  subdivisions  one  and  two  of  this
section; provided, however, that any amendment to a regulatory agreement
on  or  after the effective date of this subdivision shall require a new
application  for  tax  exemption  pursuant  to  subdivision four of this
section. Eligible real property that receives exemption from local  real
property  taxation  pursuant  to  this  section  at  any  time shall not
simultaneously  receive  exemption  from  or  abatement  of  local  real
property taxation pursuant to any other law.
4. (a) For the purposes of this subdivision, the following terms shall
(1)  The  term  persons  and  families  of low income shall have the
meaning set forth in section two of the private housing finance law.
(2) The term tax credit program shall mean  the  federal  low-income
housing  tax credit program established pursuant to section forty-two of
the internal revenue code of nineteen hundred eighty-six, as amended, or
any successor statute.
(3) The term eligible real property shall mean  real  property  that
(i)  provides  housing  accommodations  for  persons and families of low
income, and (ii) participates in or has participated in the  tax  credit
(4) The term charitable organization shall mean (i) an entity formed
for  purposes  that include providing housing accommodations for persons
and families of low income and that has received written recognition  of
exemption  pursuant  to  section  501(c)(3)  or section 501(c)(4) of the
internal revenue code of nineteen hundred eighty-six, as amended, or any
successor statute, from the United States Internal Revenue  Service,  or
any  successor  agency,  or  (ii)  a corporation, partnership or limited
liability company wholly owned and wholly controlled by an entity formed
for purposes that include providing housing accommodations  for  persons
and  families of low income and that has received written recognition of
exemption pursuant to section 501(c)(3)  or  section  501(c)(4)  of  the
successor  statute,  from the United States Internal Revenue Service, or
any successor agency.
(5) The term eligible entity shall mean a  corporation,  partnership
or  limited  liability company at least fifty percent of the controlling
interest of which is held by a charitable organization.
(6) The term eligible owner shall mean one or more eligible entities
that holds (i) legal and beneficial title to eligible real property,  or
(ii)  a  legal and beneficial leasehold interest with a term of not less
than thirty years in eligible real property.
(7) The term regulatory agreement shall mean a regulatory  agreement
with  or  approved  by  the  municipality that requires the provision of
housing accommodations for persons and families of low income,  requires
that  units  currently or formerly assisted under the tax credit program
be rented in accordance with the income requirements of the  tax  credit
program,  is  recorded against the eligible real property, and binds all
parties in interest to the eligible real property and  their  respective
successors  and  assigns.  A regulatory agreement may include such other
terms and conditions as the municipality shall determine, including, but
not limited to, provisions requiring payments in lieu of taxes.
(b) Notwithstanding any other provision in  this  subdivision  to  the
contrary, in a city having a population of one million or more, eligible
real  property  of  an  eligible  owner  that is subject to a regulatory
agreement shall be exempt from local real property  taxation  except  as
may be otherwise provided in such regulatory agreement.
(c)  Notwithstanding  any  provision  of  any other general or special
state or local law  or  charter,  (1)  with  respect  to  eligible  real
property  that  is  eligible  for  exemption  from  local  real property
taxation pursuant to this subdivision on  the  effective  date  of  this
subdivision  and  that is receiving exemption from or abatement of local
real  property  taxation pursuant to any other law on the effective date
of this subdivision, an eligible owner may prospectively terminate  such
other  exemption  or  abatement  upon  entering  into  a  new regulatory
agreement  and  the  eligible  real   property   shall   thereafter   be
prospectively  entitled  to  exemption from local real property taxation
pursuant to this subdivision, and (2)  with  respect  to  eligible  real
subdivision and that is not receiving any exemption from or abatement of
local  real  property  taxation  pursuant to subdivisions one and two of
this section or any other law on the effective date of this subdivision,
if an eligible  owner  enters  into  a  new  regulatory  agreement,  the
eligible  real  property  shall  thereafter by prospectively entitled to
exemption  from  local  real  property   taxation   pursuant   to   this
subdivision,  and  (3)  with  respect  to eligible real property that is
eligible for an exemption from local real property taxation pursuant  to
this  subdivision  on the effective date of this subdivision and that is
receiving exemption  from  local  real  property  taxation  pursuant  to
subdivisions  one  and two of this section on the effective date of this
subdivision,  an  eligible  owner  may  prospectively   terminate   such
exemption upon entering into a new regulatory agreement and the eligible
real  property  shall  thereafter be prospectively entitled to exemption
from local real property taxation pursuant to this subdivision.
(d)(1) An exemption may be granted pursuant to this  subdivision  only
upon  application  by  the  eligible  owner  on a form prescribed by the
commissioner or any comparable form, which application shall be accepted
by the assessor of such city as provided in this subdivision and in such
rules as  may  be  promulgated  pursuant  to  this  subdivision  by  the
department of housing preservation and development in such city. No such
application  shall  be  accepted by the assessor unless accompanied by a
certificate of the department of housing preservation and development in
such city  certifying  the  applicant's  eligibility  pursuant  to  this
subdivision.
(2)  Notwithstanding  section  three  hundred  two of this chapter, an
exemption granted pursuant to this subdivision shall commence as of  the
effective  date  of  the  regulatory  agreement,  regardless of when the
application for such exemption is approved, and shall terminate upon the
expiration or termination of such regulatory agreement.  Notwithstanding
any provision of this subdivision to the contrary, if there is a default
pursuant  to  the regulatory agreement, and such default remains uncured
beyond any period for such cure specified in the  regulatory  agreement,
the  municipality may terminate such exemption or suspend such exemption
until such default is cured.
(3) The department of housing preservation  and  development  in  such
city   may  promulgate  rules  to  carry  out  the  provisions  of  this
subdivision, and may require  a  reasonable  filing  fee  in  an  amount
provided by such rules.
Affordable New York Housing Program. 1. The following terms,
whenever used or referred to in this section, shall have  the  following
meaning, unless a different meaning clearly appears in the context.
a.  Adjusted Monthly Rent. The rent payable per month as provided in
the first effective lease or occupancy agreement upon initial  occupancy
of  a  rental  dwelling  unit  of a multiple dwelling after construction
aided by exemption under this section less the cost of providing parking
facilities and electricity, gas, cooking fuel and other utilities  other
than heat and hot water to occupants of such dwelling units.
b.  Floor  area.  The  horizontal areas of the several floors or any
portion thereof of a dwelling or dwellings and accessory structures on a
lot measured from the exterior faces  of  exterior  walls  or  from  the
center line of party walls.
c.  Multiple  Dwelling.  A  dwelling  which  is to be occupied or is
occupied as the residence or home  of  three  or  more  families  living
independently  of  one another, whether such dwelling is rented or owned
as a cooperative or condominium. A new multiple dwelling  shall  include
new  residential  construction and the concurrent conversion, alteration
or improvement of a pre-existing building or structure provided that (i)
for all tax lots  now  existing  or  hereafter  created,  no  more  than
forty-nine  percent of the floor area (as defined in paragraph b of this
subdivision) of the  multiple  dwelling  consists  of  the  pre-existing
building  or structure that was converted, altered or improved, and (ii)
for tax lots in the city of New York now existing or  hereafter  created
within  the  following  area  in  the  borough  of  Manhattan,  the  new
residential construction andor the concurrent conversion, alteration or
improvement of the pre-existing building or  structure  is  aided  by  a
grant,  loan  or  subsidy  from  any  federal,  state or local agency or
instrumentality: beginning at the  intersection  of  the  United  States
pierhead line in the Hudson river and the center line of Chambers street
extended,  thence  easterly  to  the  center line of Chambers street and
continuing along the center line of Chambers street to the  center  line
of  Centre  street,  thence  southerly  along  the center line of Centre
street to the center line of the Brooklyn Bridge to the intersection  of
the  Brooklyn  Bridge  and  the  United States pierhead line in the East
river, thence northerly along the United States  pierhead  line  in  the
East  river  and  the  center line of one hundred tenth street extended,
thence westerly to the center line  of  one  hundred  tenth  street  and
continuing  along  the  center  line  of one hundred tenth street to its
westerly terminus, thence westerly to the  intersection  of  the  center
line of one hundred tenth street extended and the United States pierhead
line  in  the  Hudson  river,  thence  southerly along the United States
pierhead line in the Hudson river to the point of beginning.
d. Room Count. Two and one-half rooms for each  dwelling  unit  plus
one  room  for  each  bedroom  plus  one  room  for each additional room
separated by either walls or doors plus one-half  room  for  a  balcony,
provided  that  kitchens, bathrooms or corridors shall not count as such
additional rooms.
2. (a) (i) Within a city having a population of one million  or  more,
new multiple dwellings, except hotels, shall be exempt from taxation for
local  purposes,  other than assessments for local improvements, for the
tax year or years immediately following taxable status  dates  occurring
subsequent   to   the  commencement  and  prior  to  the  completion  of
construction, but not to exceed three such tax years, and shall continue
to be exempt from such taxation in tax years immediately  following  the
taxable  status  date  first  occurring  after  the  expiration  of  the
exemption herein conferred during construction so long as  used  at  the
completion  of  construction  for  dwelling purposes for a period not to
exceed ten  years  in  the  aggregate  after  the  taxable  status  date
immediately following the completion thereof, as follows:
(A)  except as otherwise provided herein there shall be full exemption
from taxation during the period of construction or the period  of  three
years  immediately  following  commencement  of  construction, whichever
expires sooner, and for two years following such period;
(B) followed by two years of exemption from eighty per  cent  of  such
taxation;
(C)  followed  by  two  years of exemption from sixty per cent of such
(D) followed by two years of exemption from forty  per  cent  of  such
(E)  followed  by  two years of exemption from twenty per cent of such
The following table  shall  illustrate  the  computation  of  the  tax
exemption:
CONSTRUCTION OF CERTAIN MULTIPLE DWELLINGS
During Construction (maximum three years)         100%
Following completion of work
Year:
1                                                100%
2                                                100
3                                                 80
4                                                 80
5                                                 60
6                                                 60
7                                                 40
8                                                 40
9                                                 20
10                                                 20
(ii)  (A) Within a city having a population of one million or more the
local housing agency may adopt  rules  and  regulations  providing  that
except  in  areas  excluded  by local law new multiple dwellings, except
hotels, shall be exempt from taxation for  local  purposes,  other  than
assessments   for   local  improvements,  for  the  tax  year  or  years
immediately following taxable status dates occurring subsequent  to  the
commencement  and  prior  to  the completion of construction, but not to
exceed three such tax years, and shall continue to be exempt  from  such
taxation  in  tax  years  immediately  following the taxable status date
first occurring after the expiration of the exemption  herein  conferred
during   such  construction  so  long  as  used  at  the  completion  of
construction for dwelling purposes for a period not  to  exceed  fifteen
years in the aggregate, as follows:
a.  except  as otherwise provided herein there shall be full exemption
expires sooner, and for eleven years following such period;
b. followed by one year of  exemption  from  eighty  percent  of  such
c.  followed  by  one  year  of  exemption  from sixty percent of such
d. followed by one year  of  exemption  from  forty  percent  of  such
e.  followed  by  one  year  of  exemption from twenty percent of such
(B)  The benefits of this subparagraph shall not be available in areas
made ineligible for the benefits of this section by a local law  enacted
pursuant   to   paragraph  (i)  of  subdivision  two  of  this  section,
notwithstanding any exceptions to ineligibility contained in such  local
law for certain types of projects in such areas.
(C) Unless excluded by local law, in the city of New York the benefits
of  this subparagraph shall be available in the borough of Manhattan for
tax lots now existing or hereafter  created  south  of  or  adjacent  to
either side of one hundred tenth street only if:
a.  the construction is carried out with the substantial assistance of
grants, loans or subsidies from any federal, state or  local  agency  or
instrumentality, or
b. the local housing agency has imposed a requirement or has certified
that  twenty  percent  of the units be affordable to families of low and
moderate income.
The following table shall illustrate the computation of the exemption:
1 through 11                                     100%
12                                                 80
13                                                 60
14                                                 40
15                                                 20
(iii) (A) Within a city having a population of one million or more the
local housing agency may adopt rules and regulations providing that  new
multiple  dwellings,  except  hotels,  shall be exempt from taxation for
local purposes, other than assessments for local improvements,  for  the
tax  year  or years immediately following taxable status dates occurring
subsequent  to  the  commencement  and  prior  to  the   completion   of
to  be  exempt from such taxation in tax years immediately following the
exemption  herein  conferred during such construction so long as used at
the completion of construction for dwelling purposes for a period not to
exceed twenty-five years in the aggregate, provided  that  the  area  in
which  the  project  is  situated is a neighborhood preservation program
area as determined by  the  local  housing  agency  as  of  June  first,
nineteen  hundred eighty-five, or is a neighborhood preservation area as
determined by the New York city planning commission as  of  June  first,
nineteen  hundred  eighty-five,  or  is  an  area  that was eligible for
mortgage insurance provided by  the  rehabilitation  mortgage  insurance
corporation  as  of May first, nineteen hundred ninety-two or is an area
receiving funding for a neighborhood preservation  project  pursuant  to
the  neighborhood reinvestment corporation act (42 U.S.C. §§180 et seq.)
as of June first, nineteen hundred eighty-five, as follows:
a. except as otherwise provided herein there shall be  full  exemption
from  taxation  during the period of construction or the period of three
years immediately  following  commencement  of  construction,  whichever
expires sooner, and for twenty-one years following such period;
b.  followed  by  one  year  of  exemption from eighty percent of such
(B) The benefits of this subparagraph shall not be available in  areas
made  ineligible for the benefits of this section by a local law enacted
pursuant  to  paragraph  (i)  of  subdivision  two  of   this   section,
notwithstanding  any exceptions to ineligibility contained in such local
law for certain types of projects.
(C) Notwithstanding  the  provisions  of  item  (A)  or  (D)  of  this
subparagraph,  in the city of New York the benefits of this subparagraph
shall not be available in the borough of  Manhattan  for  tax  lots  now
existing or hereafter created south of or adjacent to either side of one
hundred tenth street.
(D)  In addition to being available in the areas described in item (A)
of this subparagraph, the  benefits  made  available  pursuant  to  this
subparagraph shall be available where:
1 through 21                                     100%
22                                                 80
23                                                 60
24                                                 40
25                                                 20
(E) A new multiple dwelling that is situated  in  (1)  a  neighborhood
preservation  program  area  as  determined by the department of housing
preservation  and  development  as  of  June  first,  nineteen   hundred
eighty-five,  (2)  a neighborhood preservation area as determined by the
New York city planning commission as of  June  first,  nineteen  hundred
eighty-five,  (3)  an  area  that  was  eligible  for mortgage insurance
provided by the rehabilitation mortgage insurance corporation as of  May
first, nineteen hundred ninety-two, or (4) an area receiving funding for
a   neighborhood  preservation  project  pursuant  to  the  neighborhood
reinvestment corporation act (42 U.S.C. §§ 8101  et  seq.)  as  of  June
first,  nineteen  hundred  eighty-five,  shall  not  be eligible for the