§ 22-03 Periods of Abatement.
RCNY § 22-03
(a)The periods in which abatements will be recognized by the Department of Finance are as follows: In or after the following month (see subdivision (b) below): For the following rent exemption period: August 1973 Calendar year 1972 October 1973 First 3 quarters 1973 January 1974 4th quarter 1973 April 1974 1st quarter 1974 August 1974 2nd quarter 1974 October 1974 3rd quarter 1974 January 1975 4th quarter 1974 For rent exemption periods after 1974, the dates of recognizing abatements will correspond to those for 1974 rent exemption periods, with only the respective years changed.
(b)Notwithstanding the recognition of a claim for abatement of taxes, any such claim made after the respective 30-day grace period provided by law for the payment of taxes without penalty will not affect previously incurred statutory penalties imposed by law for tax delinquency.
