Download Free Print-Only PDF OR Purchase Interactive PDF Version of this Form
Industrial And Commercial Incentive Program Preliminary Application For Certificate Of Eligibility Form. This is a New York form and can be use in New York Local County.
Loading PDF...
Tags: Industrial And Commercial Incentive Program Preliminary Application For Certificate Of Eligibility, New York Local County, New York
NEW YORK CITY DEPARTMENT OF FINANCE PROPERTY DIVISION
FINANCE
NEW ● YORK
Page A
INDUSTRIAL AND COMMERCIAL
INCENTIVE PROGRAM
PRELIMINAR Y APPLICATION AND INSTRUCTIONS
Enclosed is a Preliminary Application for a Certificate of Eligibility for benefits under Title 11, Chapter 2, Part 4 of the Administrative Code of the
City of New York.
The completed application must be accompanied by the following:
◆
◆
◆
Brief narrative describing site conditions and proposed improvement;
Copy of Tax Map defining project site; (NOTE: Tax maps are available at the City Surveyor located in each borough.)
$100 check made payable to the New York City Department of Finance. An additional fee of up to $900 will be required upon submission
of a final application.
NOTE:
FAILURE TO FILE AN APPLICATION FOR INDUSTRIAL AND COMMERCIAL INCENTIVE PROGRAM (ICIP) BENEFITS BEFORE
RECEIPT OF THE FIRST BUILDING PERMIT OR, IF NO PERMIT IS REQUIRED, THE START OF CONSTRUCTION WILL DISQUALIFY
YOU FROM RECEIVING BENEFITS UNDER THIS PROGRAM.
Should you have any questions regarding the application or the program, e-mail ICIP at www.nyc.gov/contactfinance. Click on e-mail DOF,
click on real estate tax inquiries, scroll down and click on Industrial and Commercial Incentive Program (ICIP).
Please return the completed application and the required attachments to:
NYC Department of Finance
ICIP
66 John Street
New York, NY 10038
Eligibility for ICIP benefits for industrial, wholesale distribution and some other projects citywide or for commercial renovation projects in lower
Manhattan may allow an applicant to also receive reduced energy rates through programs administered by the Department of Business
Services. For more information, please call (212) 513-6345.
PR O G R A M OV E R V I E W
On November 5, 1984, the Mayor approved Local Law No. 71 which created
the Industrial and Commercial Incentive Program (ICIP). The ICIP provides
for partial exemption of taxation for eligible industrial or commercial buildings
which are constructed, modernized, rehabilitated, expanded or otherwise
physically improved. ICIP benefits are granted as of right to all applicants
whose projects qualify under the provisions of the legislation.
The ICIP program expires June 30, 2007. Preliminary applications received
after this date are late and are not eligible for benefits. Preliminary
applications filed on or before June 30, 2007 will only be eligible for benefits
where an initial building permit for the project’s eligible construction work has
been issued on or before July 31, 2007.
The Department of Finance, which administers this program, issues
Certificates of Eligibility for projects which meet the program requirements.
Applicants must meet minimum required expenditure (MRE) targets. The
MRE is a percentage of assessed value of the project in the year of the
issuance of the building permit or, if no permit is required, the start of
construction.
If an eligible industrial project meets the 10% minimum required expenditure
threshold (MRE), it will be granted an exemption. If the industrial project
meets the 25% MRE threshold, the project will also be eligible for a tax
abatement benefit.
In Manhattan, in the smart building new commercial construction area and
for commercial renovation projects south of the center line of 59th Street, a
20% MRE is required. All other commercial projects citywide, except as
noted above, require a 10% MRE. For commercial renovation projects, the
area between the center line of 59th Street and the center line of 96th
Street is ineligible for benefits.
Applicants must file a preliminary application with the Department of Finance
prior to the issuance of a building permit for this project or, if no permit is
required, prior to the start of construction. Failure to file the preliminary
application timely will disqualify an applicant from receiving any benefits
under this program. If the filing requirements are met, an applicant may
commence construction once the Buildings Department issues a permit.
Failure to receive a building permit prior to the commencement of
construction will result in the denial or diminution of benefits. Upon filing a
completed and approved preliminary application, an applicant may commence
construction provided that the ICIP unit has received written notification
fifteen (15) business days prior to the commencement of construction and
the applicant has received the appropriate construction permits. Information
regarding additional filings may be found on page B, "Program Milestones."
The portion of the property’s assessed valuation which is eligible for
exemption is known as the exemption base. The exemption base for each
year is limited to the increase in assessed valuation solely attributable to the
improvements made. Industrial projects and commercial projects located in
special areas also receive protection against future increases on the
improvement due to inflation or general appreciation in market value.
The benefit schedule for industrial projects is the same citywide. For
commercial projects, the City is divided into regular, renovation and special
areas, the boundaries of which are set every three years by the Temporary
Boundary Commission. The amount of benefits granted to commercial
projects will be determined by their type and location within the City.
The table on page B gives the exemption and abatement schedule for those
parcels with an effective date after July 1, 1995.
American LegalNet, Inc.
www.USCourtForms.com
Page B
Industrial and Commercial Incentive Program Preliminary Application Instructions
ICIP BENEFIT PERIOD AND PERCENTAGES FOR:
C O M M E R C I A L
BENEFIT
YEAR
INDUSTRIAL
EXEMPTION
INDUSTRIAL
ABATEMENT
SPECIAL
AREA
REGULAR
AREA
RENOVATION
AREA
"SMART
BUILDING"
BENEFIT
YEAR
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
90
80
70
60
50
40
30
20
10
50
50
50
50
40
40
30
30
20
20
10
10
-
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
90
80
70
60
50
40
30
20
10
100
100
100
100
100
100
100
100
100
100
100
80
60
40
20
-
100
100
100
100
100
100
100
100
80
60
40
20
-
100
100
100
100
80
60
40
20
-
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
PR O G R A M MI L E S T O N E S
AGENCY ADDRESSES AND TELEPHONE NUMBERS
NYC Department of Finance
ICIP
66 John Street
New York, NY 10038
E-mail - nyc.gov/contactfinance
Fax - (212) 361-7177
◆ File preliminary application for Certificate of Eligibility before issuance of
building permit, or if no permit is required, the start of construction.
◆ Notify the ICIP unit in writing 15 business days before commencing
construction.
◆ Notify the Division of Labor Services 15 business days before
commencement of work. Submit an Employment Report for projects
with construction contracts in excess of $1,000,000 (exclusive of site
acquisition).
◆ Receive a building permit, where required, prior to the commencement
of construction.
Division of Labor Services
Department of Business Services
110 William Street, 2nd Floor
New York, NY 10038
Telephone - (212) 618-8823
◆ File completed final application for Certificate of Eligibility after
commencing construction.
For financing initiatives contact:
NYC Economic Development Corporation
Industrial Development Agency
110 William Street, 6th Floor
New York, NY 10038
Telephone - (212) 312-3600
◆ File interim construction reports every June 5th and December 5th
during period of construction for projects over $1,000,000.
◆ Submit proof of meeting the minimum required expenditure within
applicable time periods after issuance of the building permit on projects
under construction or upon completion.
◆ Notify the ICIP unit in writing within 15 days of completion of project and
submit final construction report within 60 days of completion. A final
certificate of eligibility will then be issued.
◆ File Certificate of Continuing Use annually in each year of benefit period.
Energy Cost Savings Program
Department of Business Services
110 William Street, 3rd Floor
New York, NY 10038
Telephone - (212) 513-6345
Please mail to:
NYC Department of Finance
ICIP
66 John Street
New York, NY 10038
NOTE: THIS PRELIMINARY APPLICATION, WHEN DULY FILED, WILL FULFILL THE REQUIREMENT THAT APPLICATION BE MADE
BEFORE ISSUANCE OF A BUILDING PERMIT OR, IF NO PERMIT IS REQUIRED, THE START OF CONSTRUCTION. HOWEVER,
ICIP Prelim. App. 06/04
THE FILING OF A PRELIMINARY APPLICATION DOES NOT CONFER THE RIGHT TO ANY BENEFIT.
American LegalNet, Inc.
www.USCourtForms.com
NEW YORK CITY DEPARTMENT OF FINANCE PROPERTY TAX EXEMPTION UNIT
INDUSTRIAL AND COMMERCIAL
INCENTIVE PROGRAM
PRELIMINARY APPLICATION FOR CERTIFICATE OF ELIGIBILITY
FINANCE
NEW ● YORK
FILING FEE: $100 with PRELIMINARY APPLICATION
ATTACHMENT: NYC TAX MAP AND BRIEF DESCRIPTION OF PROPOSED PROJECT
This Preliminary Application, when duly filed, will fulfill the requirement that application be
made before issuance of a building permit, but does not confer the right to any benefit.
Type or print all information
SECTION
I
APPLICANT INFORMATION
1. Name of applicant
Contact person
Mr. ❏ Mrs. ❏ Ms.
Telephone number
(
)
❏
Address (number and street)
Telefax number
(
)
City, State and Zip Code
Applicant Employer
Identification
Number →
or
Applicant Social
Security
Number →
2. Representative's name (If a representative is designated below, correspondence will be sent only to the representative.)
Mr. ❏ Mrs. ❏ Ms.
Firm/business name
❏
Telephone number
(
)
Representative's address (number and street)
Telefax number
(
)
City, State and Zip Code
SECTION
1. Borough:
II
SITE INFORMATION
Block:
Lot:
2. Site address (number and street)
3. Council District
SECTION
1.
Assembly District
III
Senate District
PROJECT INFORMATION
Were there any buildings on the site within the 60 month period
immediately preceding the date of this application?
❑ yes
❑ no (Continue with question 6.)
2.
3.
Use of the property and square footage breakdown:
a.
manufacturing/industrial: ___________square feet
b.
commercial: ______________________square feet
c.
residential: _______________________square feet
d.
other: ___________________________square feet
specify use → ______________
5.
If full or partial demolition has occurred or is planned, what is
date of commencement?
______ /______ /______
6.
Type of project: (check all that apply)
❑
Total floor area is: ______________square feet
4.
Congressional District
Floor area used for manufacturing during such 60 month
period: ______________________________ square feet
new building
❑ alteration ❑ addition to existing space
7.
Proposed use: ____________________________________
8.
Floor area: __________________________square feet
9.
Estimated cost of construction: $ _____________________
10.
Will proposed work require a building permit?
If "no," continue with question 13.
❑ yes ❑ no
ICIP Prelim. App. Rev. 06/04
American LegalNet, Inc.
www.USCourtForms.com
Industrial and Commercial Incentive Program - Preliminary Application
SECTION
11.
III
Page 2
continued
16.
❑
Has an application been made for any other New York City
Exemption or Abatement Program, for example J-51,
❑ no
lease abatement, ECSP, prior ICIP, etc.? .......❑ yes
If "yes," specify: _____________________________________
This application is for: (check one)
no
12.
Has a building permit been issued?....................❑ yes
If "yes," give date: ______ /______ /______
13.
Has construction commenced? ..........................❑ yes ❑ no
If "yes," give estimated percentage completed _____________ %
14.
Date of commencement or projected commencement:
______ /______ /______
15.
17.
no
❑
Will the project require any zoning change, other variance or
❑ no
consent from a government agency? ............❑ yes
If "yes," describe: _____________________________________
___________________________________________________
18.
Have plans been filed with the Department of
Buildings?...........................................................❑ yes
❑
❑
Projected date of completion: ______ /______ /______
SECTION IV
Industrial Exemption
❑
Commercial Exemption
Industrial Abatement and Exemption
AGREEMENTS AND REPRESENTATIONS
The undersigned agrees and represents that:
1. S/he has the authority to make this application on behalf of the
applicant.
2. S/he has personal knowledge or information sufficient to make a
materially correct response to the questions asked in this application,
and that s/he believes all matters stated herein to be true.
3. A check for $100, payable to the NYC Department of Finance, will be
tendered with this application, which amount shall be credited to the
application fee due upon filing the final application.
7. The applicant will comply with the Rules and Regulations of the Office
of the Mayor for implementation of Executive Order No. 50 (1982) or
amendments relating to equal employment opportunity and trainee
programs to the same extent as if the applicant was a contractor with
the City of New York and will not commence construction work until at
least 15 business days have elapsed without comment after filing
Employment Reports for itself and each such contractor, if applicable.
Employment Report forms are available from the Department of
Finance. Employment Reports shall be filed with the:
Division of Labor Services
110 William Street, 2nd Floor
New York, NY 10038
(212) 618-8823
4. The applicant shall file a final application in the form and manner
required by regulations or will, upon request, withdraw this application
in writing.
5. The applicant and its representatives will comply with all provisions of
law and rules relating to the program.
6. The applicant will notify the Department of Finance in writing 15
business days before commencing any demolition or construction work
at the project site.
STATE OF NEW YORK
8. The applicant will comply with the rules and regulations of any program
the City may provide to ensure meaningful participation of minority and
women-owned business enterprises in construction work for which an
applicant receives benefits.
AFFIDAVIT
-
SS:
COUNTY OF
_____________________________________________________________, being duly sworn, says under penalty of perjury
that s/he is the applicant or the ___________________________________ of the applicant, that the statements contained
in this application, including any attachments to this application, are true to his/her knowledge.
Signature of APPLICANT OR REPRESENTATIVE
Subscribed and sworn to before me this
___________day of________________ 20______
________________________________________
Notary Public or Commissioner of Deeds
PLEASE MAIL TO:
Affix
official stamp or
seal here.
→
NYC Department of Finance
ICIP
66 John Street,
New York, NY 10038
American LegalNet, Inc.
www.USCourtForms.com