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1990/076 — In relation to tax exemption and deferral of tax payment for certain industrial and commercial properties

New York City Administrative Code (current through L.L. 2026/147, enacted September 12, 2026, and amendments effective through October 10, 2026) · NYC L.L. 1990/076

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L.L. 1990/076

Enactment date: 12/7/1990 Int. No. 530-A By Council Member O'Donovan; also Council Members Castaneira-Colon, DeMarco and Cerullo A Local Law to amend the administrative code of the City of New York in relation to tax exemption and deferral of tax payment for certain industrial and commercial properties Be it enacted by the Council as follows: * * * [Consolidated provisions are not included in this Appendix A] * * * § 4. Notwithstanding any provision of § 11-258 of the administrative code of the city of New York, the most recent designation of areas by a temporary commercial incentive area boundary commission prior to the enactment of this act shall remain in effect until the first taxable status date after the first designation of boundaries pursuant to section two of this act, at which date the new designation of areas shall take effect. § 5. This local law shall take effect immediately.