§ 5-01 Scope and Construction.
RCNY § 5-01
(a)Scope. This chapter governs the granting of tax exemption and tax abatement pursuant to § 489 of the Real Property Tax Law of the State of New York, § 11-243, formerly § J51-2.5 of the Administrative Code of the City of New York, and Chapter 61 of the Charter, including the procedure for filing an application for tax exemption and tax abatement and the issuance of Certificates of Eligibility and Reasonable Cost by the Office of Tax Incentive Programs of the Department of Housing Preservation and Development.
(b)Construction. This chapter is to be construed to secure the effectuation of the purposes of § 489 of the Real Property Tax Law and § 11-243 of the Administrative Code and in accordance with the general principal of law that exemption statutes are strictly construed against the taxpayer applying for the exemption. Except as hereinafter provided, this chapter, as amended, applies to all applications pending on or submitted after the effective date.
