NY Real Prop Tax L § 489-EEEEEE (2021)
2021 New York Laws RPT - Real Property Tax Article 4 - Exemptions Title 2-F - 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.  Such  filings  shall  include  a statement  that  the  recipient  has  not  been  found  by  a  competent authority, agency or court to have violated state,  city,  or  municipal business  regulations or ordinances related to payment of taxes, payment of wages, or fraudulent representation to  governmental  entities.  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.   4. Business operation data. A recipient shall biennially file a report with the department, on or before the appropriate taxable  status  date, regarding  certain  business  operation data relating to the recipient's economic impact and outcomes for the duration  of  the  benefit  period, provided,  however,  that any recipient of benefits for property defined as a peaking unit shall file  such  statement  biannually.  Such  report shall  contain  information including, but not limited to, tenancy data, information regarding employment creation  and  job  retention  and  any other information deemed relevant by the department.